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Compute the amount the company would have to borrow

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Reference no: EM131761293

Question - The following information was taken from Concord Corporation's cash budget for the month of July:

Beginning cash balance $520000

Cash receipts 334000

Cash disbursements 554000

If the company has a policy of maintaining a minimum end of the month cash balance of $440000, the amount the company would have to borrow is

$300000.

$106000.

$140000.

$80000.

Reference no: EM131761293

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