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21 Question 21 of 34 - /1.5 E View Policies Current Attempt in Progress During December, the capital budget indicates a $280500 purchase of equipment

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Question 21 of 34 - /1.5 E View Policies Current Attempt in Progress During December, the capital budget indicates a $280500 purchase of equipment for cash. The ending November cash balance is budgeted to be $40000 Cash receipts are $839700, and cash disbursements are $610800 during December. The company wants to maintain a minimum cash balance of $20100. What is the minimum cash loan that must be planned to be borrowed from the bank during December? O $11600 O $31700 $51600 $0 Save for Later Attempts: 0 of 1 used Submit

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