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Petey's Plants has a beginning cash balance of $19,000. During the year, Petey's budget for cash receipts is $140,000. Petey's also budgets $25,000 for

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Petey's Plants has a beginning cash balance of $19,000. During the year, Petey's budget for cash receipts is $140,000. Petey's also budgets $25,000 for direct materials, $40,000 for direct labor, $75,000 for manufacturing overhead during the current year ($90,000 of manufacturing overhead for the previous year), and $30,000 for selling and administrative expenses. Direct materials, direct labor, and selling and administrative expenses are fully paid in the period incurred. Manufacturing overhead is paid 75% in the period incurred, and 25% in the following period. Petey's Plants would like to have a minimum ending cash balance of $25,000. How much financing, if any, is required to achieve this ending cash balance?

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