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Business, 06.04.2021 04:40 Shayleechase

Batista Company management wants to maintain a minimum monthly cash balance of $19,900. At the beginning of April, the cash balance is $19,900, expected cash receipts for April are $244,400, and cash disbursements are expected to be $253,300. How much cash, if any, must be borrowed to maintain the desired minimum monthly balance

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Batista Company management wants to maintain a minimum monthly cash balance of $19,900. At the begin...

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