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$ Carla Vista Company management wants to maintain a minimum monthly cash balance of $29,500. At the beginning of April, the cash balance is $29,500,
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Carla Vista Company management wants to maintain a minimum monthly cash balance of $29,500. At the beginning of April, the cash balance is $29,500, expected cash receipts for April are $289,100, and cash disbursements are expected to be $300,900. 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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