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What the amount the company would have to borrow

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Reference no: EM133034805

Question - The following information was taken from Molina Company cash budget for the month of November:

Beginning cash balance $48,000

Cash receipts 58,000

Cash disbursements 80,000

If the company has a policy of maintaining an end-of-the-month cash balance of$40,000, what the amount the company would have to borrow?

Reference no: EM133034805

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