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How much must the company borrow

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Question - For the year, express graphics forecasts each receipts of $430,000 and cash disbursement of $405,000. The beginning cash balance is $21,000. If express maintains a minimum cash balance of $50,000. how much must the company borrow?

A. $4,000

B. $25,000

C. $46,000

D. $54,000

Reference no: EM132083958

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