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QUESTION 3 A firm is analysing its cash budget for june. Assuming its total cash receipts is $1170 and cash expenses is $805, if the

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QUESTION 3 A firm is analysing its cash budget for june. Assuming its total cash receipts is $1170 and cash expenses is $805, if the company has a minimum desired cash balance i of $600 and ended the month of May with $350, how much loans must the firm take to meet its requirements for june. O $1000 O $215 O $515 No loans are needed

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