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On January 1, Bonita Industries has a beginning cash balance of $176000. During the year, the company expects cash disbursements of $970000 and cash receipts

On January 1, Bonita Industries has a beginning cash balance of $176000. During the year, the company expects cash disbursements of $970000 and cash receipts of $780000. If Bonita requires an ending cash balance of $130000, Bonita Industries must borrow

a. $144000.

b. $366000.

c. $116000.

d. $130000.

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