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Dragon Farm Supply is prepanng their budget for the next two quarters. The company requires a minimum cash balance of at least 58.000 at the

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Dragon Farm Supply is prepanng their budget for the next two quarters. The company requires a minimum cash balance of at least 58.000 at the end of each quarter The company can borrow money at the beginning of each quarter from their local bank in increments 1.5% per quarter. The bank requires cash interest payment at the end of each quarter until the principale 51.00g at an interest rate of First Quartier 7,500 Second Quarter Cash balance, beginning Cash collection from customers Cash disbursements Purchase of Inventory Selling and administrative expenses 87.000 80,000 53,000 26,000 65.000 28.000 What is the ending cash balance for the first quarter? 5,835 6,335 6,000 D. $ 6,500 E. None of the above 7500+67000-55000-26EGO = 1000 x 155% =(s + Goes

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