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Frontist Publishing Company publishes books and they have gathered the following data for the month of October: Frontist Publishing Company requires an ending cash balance
Frontist Publishing Company publishes books and they have gathered the following data for the month of October: Frontist Publishing Company requires an ending cash balance of at least $5,000 and can borrow from a line of credit in $1,000 increments. What is the excess or deficiency of cash for October? A. $17,000 cash excess B. $12,000 cash deficiency c. $29,000 cash deficiency D. $5,000 cash excess
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