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Do It! Review 13-4 Ayayai Company management wants to maintain a minimum monthly cash balance of $19,900. At the beginning of April, the cash balance
Do It! Review 13-4 Ayayai Company management wants to maintain a minimum monthly cash balance of $19,900. At the beginning of April, the cash balance is $21,100, expected cash receipts for April are $245,600 and cash disbursements are expected to be $256,200 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 Click if you would like to Show Work for this question: Qpen Show Work
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