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Batista Company management wants to maintain a minimum monthly cash balance of $20.800. At the beginning of April, the cash balance is! $20,800, expected cash
Batista Company management wants to maintain a minimum monthly cash balance of $20.800. At the beginning of April, the cash balance is! $20,800, expected cash receipts for April are $245.600, and cash disbursements are expected to be $254.400. 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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