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QUESTION 1 The following information was taken from the Cougar Hotel cash budget for the month of April: Beginning cash balance Cash receipts Cash disbursements

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QUESTION 1 The following information was taken from the Cougar Hotel cash budget for the month of April: Beginning cash balance Cash receipts Cash disbursements $45,000 27,000 51,000 If the hotel has a policy of maintaining a minimum cash balance of $37,000, the amount the company would have to borrow is O $24,000 $8,000 $16,000 $14,000

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