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Current Attempt in Progress Pronghorn Corporation's management wants to maintain a minimum monthly cash balance of $10,080. At the beginning of September, the cash balance
Current Attempt in Progress Pronghorn Corporation's management wants to maintain a minimum monthly cash balance of $10,080. At the beginning of September, the cash balance is $15,460, expected cash receipts for September are $122,472, and cash disbursements are expected to be $144,900. How much cash, if any, must Pronghorn borrow to maintain the desired minimum monthly balance? Determine your answer by using the basic form of the cash budget.
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