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4 Laurey Inc. is working on its cash budget for May. The budgeted beginning cash balance is $38,000 Budgeted cash receipts total $119,000 and budgeted
4 Laurey Inc. is working on its cash budget for May. The budgeted beginning cash balance is $38,000 Budgeted cash receipts total $119,000 and budgeted cash disbursements total $113,000. The desired ending cash balance is $57,500. To attain its desired ending cash balance for May, the company needs to borrow: O $101,500 O so O $57.500 O $13,500
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