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Business, 03.08.2019 03:30 daniel1480

Batista company management wants to maintain a minimum monthly cash balance of $19,900. at the beginning of april, the cash balance is $21,100, expected cash receipts for april are $245,600, and cash disbursements are expected to be $256,200. how much cash, if any, must be borrowed to maintain the desired minimum monthly balance? amount to be borrowed to maintain the desired minimum monthly balance

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