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Sheridan Company management wants to maintain a minimum monthly cash balance of $21,600. At the beginning of April, the cash balance is $23,800, expected cash

image text in transcribed Sheridan Company management wants to maintain a minimum monthly cash balance of $21,600. At the beginning of April, the cash balance is $23,800, expected cash receipts for April are $246,000, and cash disbursements are expected to be $259,000. Determine how much cash, if any, must be borrowed to maintain the desired minimum monthly balance

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