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Baseball Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $18,900. Budgeted cash receipts total $187,500 and budgeted cash disbursements
Baseball Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $18,900. Budgeted cash receipts total $187,500 and budgeted cash disbursements total $189,800. The desired ending cash balance is $30,900.
To attain its desired ending cash balance for January, the company should borrow:
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