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Southland Company is preparing a cash budget for August. The company has $17,400 cash at the beginning of August and anticipates $121,600 in cash receipts

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Southland Company is preparing a cash budget for August. The company has $17,400 cash at the beginning of August and anticipates $121,600 in cash receipts and $135,300 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 Multiple Choice $10.000 G $27,400 $6.300

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