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What is the minimum cash loan

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Question - During December, the capital budget indicates a $279200 purchase of equipment for cash. The ending November cash balance is budgeted to be $40400. Cash receipts are $840400, and cash disbursements are $609000 during December. The company wants to maintain a minimum cash balance of $20700. What is the minimum cash loan that must be planned to be borrowed from the bank during December?

Reference no: EM132997831

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