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During September, the capital expenditure budget indicates a $360000 purchase of equipment. The ending September cash balance from operations is budgeted to be $52000. The
During September, the capital expenditure budget indicates a $360000 purchase of equipment. The ending September cash balance from operations is budgeted to be $52000. The company wants to maintain a minimum cash balance of $23000. What is the minimum cash loan that must be planned to be borrowed from the bank during September? O $308000 O $331000 O $285000 $383000
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Study Guide For Use With Managerial Accounting
Authors: Ronald M. Copeland, Paul E. Dascher, Jerry R. Strawser, Robert H. Strawser
1st Edition
0873937651, 978-0873937658
