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In April, a fim had an ending cash balance of 559,000. In May, the firm had total cash receipts of $53,000 and total cash disbursements
In April, a fim had an ending cash balance of 559,000. In May, the firm had total cash receipts of $53,000 and total cash disbursements of 539,000. The minimum cash balance required by the firm is 515,000 Based on the given information, determine the amount of excess cash or required financing at the end of May
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