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Southland company is preparing a cash budget for August. The company has $17600 cash at the beginning of August and anticipates $122000 in cash receipts
Southland company is preparing a cash budget for August. The company has $17600 cash at the beginning of August and anticipates $122000 in cash receipts and $135700 in cash payments during August. Southland company wants to maintain a minimum cash balance of $10,000. To maintain the minimum cash balance of 10,000, the company must borrow
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