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Coronado company management wants to maintain a minimum monthly cash balance of $23,000. At the beginning of April, the cash balance is $23,000. Expected cash
Coronado company management wants to maintain a minimum monthly cash balance of $23,000. At the beginning of April, the cash balance is $23,000. Expected cash receipts for April are $225,400 in cash disbursements are expected to be $234,600. How much cash if any must be borrow to maintain the desired minimum monthly balance
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