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Assume a merchandising company provides the following information from its master budget for the month of May 11 Cash balance, May 1 Cash collections from

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Assume a merchandising company provides the following information from its master budget for the month of May 11 Cash balance, May 1 Cash collections from customers Cash disbursements for merchandise purchases Cash disbursements for selling and administrative expenses $20,000 $80,000 $35,000 $40,000 If the company wishes to maintain a minimum cash balance of $30,000 at the end of every month, then its borrowings at the beginning of May will equal? O $5,000 $0 (0) O $25,000 $20,000

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