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Batista Company management wants to maintain a minimum monthly casa balance of $19,100. At the beginning of April, the cash balance is $19,100, expected
Batista Company management wants to maintain a minimum monthly casa balance of $19,100. At the beginning of April, the cash balance is $19,100, expected cash receipts for April are $245,800, and cash disbursements are expected to be $254,100. How much cash, if any, must be borrowed to maintain the desired minimum monthly balance? Amount to be borrowed to maintain the desired minimum monthly balance $
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