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During December, the capital budget indicates a $280000 purchase of equipment for cash. The ending November cash balance is budgeted to be $40500. Cash receipts

During December, the capital budget indicates a $280000 purchase of equipment for cash. The ending November cash balance is budgeted to be $40500. Cash receipts are $839700, and cash disbursements are $610700 during December. The company wants to maintain a minimum cash balance of $20100. What is the minimum cash loan that must be planned to be borrowed from the bank during December?

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