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Jaborosa, Inc., a merchandising company, has provided the following budgeted amounts for the next budget period. A minimum cash balance of $30,000 is required to
Jaborosa, Inc., a merchandising company, has provided the following budgeted amounts for the next budget period. A minimum cash balance of $30,000 is required to be maintained. The company can borrow in increments of $10,000 as and when required. Assume the company can borrow the needed funds at the end of the period. Calculate the ending cash balance for the budget period. A. $(15,800) B. $293,100 C. $34,200 D. $713,000
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