Question
The following information was taken from Ayayai Corp. cash budget for the month of June Beginning cash balance $ 65000 Cash receipts 87000 Cash disbursements
The following information was taken from Ayayai Corp. cash budget for the month of June
| Beginning cash balance | $65000 | |
| Cash receipts | 87000 | |
| Cash disbursements | 110000 |
If the company has a policy of maintaining an end of the month cash balance of $56000, the amount the company would have to borrow is
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old
7th edition
978-0077632427, 77632427, 78025656, 978-0078025655
