If the company has a policy of maintaining a minimum end of

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The following information was taken from Southgate Industrys cash budget for the month of July:

Beginning cash balance $480,000

Cash receipts 304,000

Cash disbursements 544,000

If the company has a policy of maintaining a minimum end of the month cash balance of $400,000, the amount the company would have to borrow is?

Reference no: EM13579536

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