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Southern Pacific is preparing a cash budget for February. The company has $16,000 cash at the beginning of February and expects to receive $124,800 in
Southern Pacific is preparing a cash budget for February. The company has $16,000 cash at the beginning of February and expects to receive $124,800 in cash. Southern Pacific also budgets for $133,500 in cash disbursements during the month. Southern Pacific wants to maintain a minimum cash balance of $10,000. What is the preliminary cash balance at the end of February before any borrowing or investing takes place?:
A) 140,800
B) 17,300
C) (8,700)
D) 26,000
E) 7,300
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