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Determine the basic form of the cash budget

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Ross Corporation"s management wants to maintain a minimum monthly cash balance of $8,000. At the beginning of September, the cash balance is $12,270; expected cash receipts for September are $97,200; cash disbursements are expected to be $115,000.

How much cash, if any, must Ross borrow to maintain the desired minimum monthly balance?

Determine your answer by using the basic form of the cash budget.

Reference no: EM13531575

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