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Question 5 20 pts OUR Company started business on January 1, 2020. They budgeted to have $200,000 of cash inflows and $190,000 of cash outflows

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Question 5 20 pts OUR Company started business on January 1, 2020. They budgeted to have $200,000 of cash inflows and $190,000 of cash outflows during the year. The owner of the business wants to have a minimum of $30,000 on hand at the end of every year. Will they need to borrow money at the end of 2020 and if so, how much? Yes, they will need to borrow $20,000. Yes, they will need to borrow $10,000. No, they will have enough cash. None of these is correct

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