What amount will calendar company need to borrow to meet

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Question: The Calendar Company expects to have $4,000 in cash on hand at the beginning of January, and the company's target cash balance is $2,000. Net cash flow for January is minus $10,000. The company borrows to meet short term cash needs. What amount will Calendar Company need to borrow to meet their target cash balance at the end of January?

Reference no: EM133654213

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