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During December, the capital expenditure budget indicates a $420,000 purchase of equipment. The ending December cash balance from operations is budgeted to be $60,000. The
During December, the capital expenditure budget indicates a $420,000 purchase of equipment. The ending December cash balance from operations is budgeted to be $60,000. The company wants to maintain a minimum cash balance of $30,000. What is the minimum cash loan that must be planned to be borrowed from the bank during December? $450,000 $330,000 O $360,000 $390,000 Next
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