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What coronado industries must borrow

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Reference no: EM132908711

Problem 1: On January 1, Coronado Industries has a beginning cash balance of $146000. During the year, the company expects cash disbursements of $950000 and cash receipts of $780000. If Coronado requires an ending cash balance of $110000, Coronado Industries must borrow

  • $134000.
  • $316000.

Reference no: EM132908711

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