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he cash budget for the first three quarters of the fompany is given below ( 0 0 0 omitted ) . The company requires a
he cash budget for the first three quarters of the
fompany is given below omitted The company requires a minimum cash balance of $ to start each quarter. If necessary, the company will borrow money from its bank to maintain this balance. The company will pay no interest in Quarters and It will repay as much of its borrowings as possible as soon as it has more than $ in cash in a given quarter. Suppose the company starts the first quarter with no bank debt. How much total bank debt does the company expect to have at the end of the third quarter?
tableCash Budget,Quarter omittedCash balance, beginning,$Add collections from customers,Total cash available,?,?,?
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