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14000 is showing the wrong answer Bonita Company management wants to maintain a minimum monthly cash balance of $20,400. At the beginning of April, the
14000 is showing the wrong answer
Bonita Company management wants to maintain a minimum monthly cash balance of $20,400. At the beginning of April, the cash balance is $22,300, expected cash receipts for April are $244,000, and cash disbursements are expected to be $258,000. Determine how much cash, if any, must be borrowed to maintain the desired minimum monthly balance Step by Step Solution
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