What amount of cash will cash is king need to borrow

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Reference no: EM133348465

Question: Cash is King Lending has a current cash balance of $4,500. They have estimated they will have cash receipts in the month of 19 December of $4,900 and cash payments of $7,200. Company policy is to always have a cash balance of $4,600. What amount of cash will Cash is King need to borrow to satisfy policy requirements?

Reference no: EM133348465

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