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A company is preparing a cash budget for August. The company has $17,000 cash at the beginning of August and anticipates $120,800 in cash receipts

A company is preparing a cash budget for August. The company has $17,000 cash at the beginning of August and anticipates $120,800 in cash receipts and $134,500 in cash payments during August. A company wants to maintain $10,000. To maintain the minimum cash balance of $10,000, the company must borrow: Multiple Choice O O O $0. $10,000. $6,700. $7,000 $27,700. minimum cash balance of
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10 stagbe 17000 131300

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