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California Corporation had a cash balance of $18,000 on March 1. The company must maintain a minimum cash balance of $10,000. During March, expected cash

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California Corporation had a cash balance of $18,000 on March 1. The company must maintain a minimum cash balance of $10,000. During March, expected cash receipts are $98,000. Cash disbursements during the month are expected to total $112,000. Ignoring interest payments, during March the company will need to borrow: O $7,000 $3,000 $6,000 $4,000

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