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Pharoak Company mansgement wants to maintain a minimum monthly cash balance of $28,000. At the beginning of ApriL the cash balance is $28.000, expected cash

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Pharoak Company mansgement wants to maintain a minimum monthly cash balance of $28,000. At the beginning of ApriL the cash balance is $28.000, expected cash receipts for April are $274,400, and cash disburseinents are cupected to be $285,600 How much cash if any must be borrowed to maintain the desired minimun monthly balance? Amount to be borrowed to maintain the desired minimum manthly batance

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