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help Chris Mart's management wants to maintain a minimum monthly cash balance of $4,000. At May 1 , its cash balance is $4,100, expected cash
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Chris Mart's management wants to maintain a minimum monthly cash balance of $4,000. At May 1 , its cash balance is $4,100, expected cash receipts for May are $99,000, and cash disbursements are expected to be $104,400. How much cash must Chris Mart borrow to maintain the desired minimum monthly balarce? (Enter negotive amounts using either a negative sign preceding the number es -45 or porrontheses es (45) ) Step by Step Solution
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