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Deschambault Inc. is working on its cash budget for December. The budgeted beginning cash balance is $30,000. Budgeted cash receipts total $121,000 and budgeted cash
| Deschambault Inc. is working on its cash budget for December. The budgeted beginning cash balance is $30,000. Budgeted cash receipts total $121,000 and budgeted cash disbursements total $120,000. The desired ending cash balance is $48,000. To attain its desired ending cash balance for December, the company needs to borrow: |
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