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On January 1, Bonita Industries has a beginning cash balance of $126000. During the year, the company expects cash disbursements of $1020000 and cash receipts

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On January 1, Bonita Industries has a beginning cash balance of $126000. During the year, the company expects cash disbursements of $1020000 and cash receipts of $870000. If Bonita requires an ending cash balance of $120000, Bonita Industries must borrow O $96000. O $120000. 0 $144000. 0 $276000

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