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The following information was taken from Marigold Corp. cash budget for the month of July:
Beginning cash balance $98000
Cash receipts 94000
Cash disbursements 133000
Problem 1: If the company has a policy of maintaining an end of the month cash balance of $98000, the amount the company would have to borrow is
Option 1: $25000.
Option 2: $19500.
Option 3: $58500.
Option 4: $39000.
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