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Given beginning cash of $100, budgeted cash collections of $5 and budgeted expenses of $40 ($10 in depreciation expense on manufacturing equipment and $30 of
Given beginning cash of $100, budgeted cash collections of $5 and budgeted expenses of $40 ($10 in depreciation expense on manufacturing equipment and $30 of advertising expenses) and required minimum cash of $100, the company should borrow __________. Assume the company has to borrow in increments of ten dollars.
A.$30
B.$35
C.$40
D. $45
Does anybody know how to solve this ?Please write your work so I can learn.
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