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Smith Company has a cash balance of $6,000 on April 1. The company must maintain a minimum cash balance of $6,000. During April expected cash

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Smith Company has a cash balance of $6,000 on April 1. The company must maintain a minimum cash balance of $6,000. During April expected cash receipts are $45,000. Expected cash disbursements during the month total $52,000. During April the company will need to borrow Multiple Choice $6,000

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