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During December, the capital budget indicates a $279600 purchase of equipment for cash. The ending November cash balance is budgeted to be $39200. Cash receipts

During December, the capital budget indicates a $279600 purchase of equipment for cash. The ending November cash balance is budgeted to be $39200. Cash receipts are $840300, and cash disbursements are $610200 during December. The company wants to maintain a minimum cash balance of $21000. What is the minimum cash loan that must be planned to be borrowed from the Bank during December? $

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