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Laurey Inc. is working on its cash budget for May. The budgeted beginning cash balance is $50,000. Budgeted cash receipts total $134,000 and budgeted cash
Laurey Inc. is working on its cash budget for May. The budgeted beginning cash balance is $50,000. Budgeted cash receipts total $134,000 and budgeted cash disbursements total $129,000. The desired ending cash balance is $70,000. To attain its desired ending cash balance for May, the company needs to borrow $125,000 $0 $70,000 $15,000
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