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Current Attempt in Progress Batista Company management wants to maintain a minimum monthly cash balance of $20,200. At the beginning of April, the cash balance
Current Attempt in Progress
Batista Company management wants to maintain a minimum monthly cash balance of $20,200. At the beginning of April, the cash balance is $20,200, expected cash receipts for April are $246,000, and cash disbursements are expected to be $254,800. 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 | $Type your answer here |
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