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What amount must the company borrow

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Question - Cocoa and Cookies Corporation is preparing a cash budget for February. The company has $37,000 cash at the beginning of February and anticipates $65,000 in cash receipts and $87,500 in cash disbursements during February. Cocoa and Cookies Corporation has an agreement with its bank to maintain a cash balance of $25,000. What amount, if any, must the company borrow during February to maintain a $25,000 cash balance?

Reference no: EM133187396

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