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According to Harcourt Inc.'s Cash Budget for the month of June, The total cash available was $480,000, the total disbursements were $470,000 and the minimum
According to Harcourt Inc.'s Cash Budget for the month of June, The total cash available was $480,000, the total disbursements were $470,000 and the minimum desired cash balance was $20,000. Assuming a sufficient line of credit was available, how much would the company have to borrow in June?
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