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A firm has an opening cash balance of $6,000. During the month cash receipts were $24,000 and cash disbursements were $22,000. The minimum cash balance
- A firm has an opening cash balance of $6,000. During the month cash receipts were $24,000 and cash disbursements were $22,000. The minimum cash balance for the firm is $15,000. How much will the firm need to borrow this month? 7 000
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