Varughese Incorporated is working on its cash budget for March. The budgeted beginning cash balance is $33,000. Budgeted cash receipts total $182,000 and budgeted cash disbursements total $191,000. The desired ending cash balance is $40,000.To attain its desired ending cash balance for March, the company needs to borrow:

A) $40,000
B) $0
C) $16,000
D) $64,000

The company needs to calculate the net cash flow first:
Net cash flow = Budgeted cash receipts - Budgeted cash disbursements
Net cash flow = $182,000 - $191,000
Net cash flow = -$9,000

This means that the company will have a cash shortfall of $9,000. To achieve the desired ending cash balance of $40,000, the company will need to borrow an additional $16,000 ($40,000 - $33,000 beginning cash balance) to cover the shortfall and reach the desired ending balance. Therefore, the correct choice is C.