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Lightning Corporation has a cash balance of $28,000 on May 1. The company must maintain a minimum cash balance of $19,000. During May, expected cash
Lightning Corporation has a cash balance of $28,000 on May 1. The company must maintain a minimum cash balance of $19,000. During May, expected cash receipts are $111,000. Cash disbursements during the month are expected to total $124,000. Ignoring interest payments, during May the company will need to borrow: O A $15,000 B. $9,000 OC $13,000 OD $4,000
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