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During September, the capital expenditure budget indicates a $370000 purchase of equipment. The ending September cash balance from operations is budgeted to be $53000. The
During September, the capital expenditure budget indicates a $370000 purchase of equipment. The ending September cash balance from operations is budgeted to be $53000. The company wants to maintain a minimum cash balance of $24000. What is the minimum cash loan that must be planned to be borrowed from the bank during September?
| $317000 |
| $293000 |
| $394000 |
| $341000 |
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Financial Auditing With Information Technology Meeting The Challenge Of Cloud Computing Unstructured Data And Intangible Assets
Authors: J. Christopher Westland
1st Edition
149044873X, 978-1490448732
