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Messers company is preparing a cash budget for february

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Messers Company is preparing a cash budget for February. The company has $ 20,000 cash at the beginning of February and anticipates $ 75,000 in cash receipts and $ 100,250 in cash disbursements during February. What amount, if any, must the company borrow during February to maintain a $5,000 cash balance? The company has no loans outstanding on February 1.

Reference no: EM13907051

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