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Laurey Inc. is working on its cash budget for May. The budgeted beginning cash balance is $43,000. Budgeted cash receipts total $124,000 and budgeted cash

Laurey Inc. is working on its cash budget for May. The budgeted beginning cash balance is $43,000. Budgeted cash receipts total $124,000 and budgeted cash disbursements total $118,000. The desired ending cash balance is $67,500. To attain its desired ending cash balance for May, the company needs to borrow:

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