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Prepare the cash budget for the months of January, February and March (23) If the minimum cash balance at the end of every month needs

Prepare the cash budget for the months of January, February and March (23) If the minimum cash balance at the end of every month needs to be R16 000, will the company need to borrow funds to maintain this minimum cash balance at the end of March or will there be adequate cash reserves to cover the minimum cash holding required? What will this amount be?

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