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ABC Company has a cash balance of $9,000 on April 1. The company must maintain a minimum cash balance of $6,000. During April, expected cash
ABC Company has a cash balance of $9,000 on April 1. The company must maintain a minimum cash balance of $6,000. During April, expected cash recipe $45,000. Expected cash disbursements during the month total $52000W amount will the company need to borrow during April? $2,000 $4,000 $6,000 $8,000
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
4th Edition
0256147175, 978-0256147179
