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Concord Company management wants to maintain a minimum monthly cash balance of $21,500. At the beginning of April, the cash balance is $21,500, expected cash

image text in transcribed Concord Company management wants to maintain a minimum monthly cash balance of $21,500. At the beginning of April, the cash balance is $21,500, expected cash receipts for April are $210,700, and cash disbursements are expected to be $219,300. 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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