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Question 4 2pts Laurey Inc. is working on its cash budget for May. The budgeted beginning cash balance is $35.000. Budgeted cash receipts total $116,000

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Question 4 2pts Laurey Inc. is working on its cash budget for May. The budgeted beginning cash balance is $35.000. Budgeted cash receipts total $116,000 and budgeted cash disbursements total $110.000. The desired ending cash balance is $51.500 To attain its desired ending cash balance for May, the company needs to borrow Hint: Use the Cash Buyet Formula to solve 52 500 $0 551500 $10.500

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