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Conrad Company is preparing its cash budget for the upcoming month. The budgeted beginning cash balance is expected to be $10,000. Budgeted cash receipts are

Conrad Company is preparing its cash budget for the upcoming month. The budgeted beginning cash balance is expected to be $10,000. Budgeted cash receipts are $110,000, while budgeted cash disbursements are $140,000. The company wants to have an ending cash balance of $20,000. How much would Conrad Company need to borrow to achieve its desired ending cash balance?

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