Sheffield Company management wants to maintain a minimum monthly cash balance of $32,500. At the beginning...

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Sheffield Company management wants to maintain a minimum monthly cash balance of $32,500. At the beginning of April, the cash balance is $32,500, expected cash receipts for April are $318,500, and cash disbursements are expected to be $331,500. How much cash, if any, must be borrowed to maintain the desired minimum monthly balance? Amount to be borrowed to maintain the desired minimum monthly balance $ Sheffield Company management wants to maintain a minimum monthly cash balance of $32,500. At the beginning of April, the cash balance is $32,500, expected cash receipts for April are $318,500, and cash disbursements are expected to be $331,500. How much cash, if any, must be borrowed to maintain the desired minimum monthly balance? Amount to be borrowed to maintain the desired minimum monthly balance $