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How much cash must Grouper borrow

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Question - Grouper Corporation's management wants to maintain a minimum monthly cash balance of $9,120. At the beginning of September, the cash balance is $13,988, expected cash receipts for September are $110,808, and cash disbursements are expected to be $131,100.

How much cash, if any, must Grouper borrow to maintain the desired minimum monthly balance? Determine your answer by using the basic form of the cash budget.

Reference no: EM132562525

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