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Northberg Company is preparing a cash budget for August. The company has $15,000 cash at the beginning of August and anticipates $141,000 in cash receipts

image text in transcribed Northberg Company is preparing a cash budget for August. The company has $15,000 cash at the beginning of August and anticipates $141,000 in cash receipts and $134,500 in cash payments during August. Northberg Company wants to maintain a minimum cash balance of $15,000. As of May 31 , the company had a loan outstanding of $6,000. Using the information above, determine the company's expected cash balance. Which of the following would be the best action for the company to take during June? Repay loan $6,000. Borrow $6,500. Borrow $15,000. Repay loan $15,000. Repay loan $21,500

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