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What amount must the company borrow during april

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Question - Chocolate Factory Inc. is preparing a cash budget for April. The company has $100,000 cash at the beginning of April and anticipates $123,000 in cash receipts and $236,250 in cash disbursements during April. Chocolate Factory Inc. has an agreement with its bank to maintain a cash balance of $25,000. What amount, if any, must the company borrow during April to maintain a $25,000 cash balance?

Reference no: EM133186216

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