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Referring to a May, 2020 cash budget for Serious Inc., expected receipts are $185,000 and estimated cash disbursements are $172,500. Serious wants to always have
Referring to a May, 2020 cash budget for Serious Inc., expected receipts are $185,000 and estimated cash disbursements are $172,500. Serious wants to always have a balance in the bank of $20,000. Does Serious need to borrow money for the month of May? ______ If so how much? ___________________
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