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Maintain the desired minimum monthly balance

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Martian Company management wants to maintain a minimum monthly cash balance of $15,000. At the beginning of March, the cash balance is $16,500, expected cash receipts for March are $210,000, and cash disbursements are expected to be $220,000. How much cash, if any , must be borrowed to maintain the desired minimum monthly balance?

Reference no: EM13511764

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