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Steven Mart's management wants to maintain a minimum monthly cash balance of $4,000. At May 1, its cash balance is $4,100, expected cash receipts
Steven Mart's management wants to maintain a minimum monthly cash balance of $4,000. At May 1, its cash balance is $4,100, expected cash receipts for May are $98,600, and cash disbursements are expected to be $105,600. How much cash must Steven Mart borrow to maintain the desired minimum monthly balance? (Enter negative amounts using either a negative sign preceding the number eg-45 or parentheses eg. (45)) Financing
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