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the February cash budget for render company shows cash available of $60,000 and cash payment of $83,200. the firm must maintain a minimum cash balance
the February cash budget for render company shows cash available of $60,000 and cash payment of $83,200. the firm must maintain a minimum cash balance on $10,000 and can only borrow $1,000 increments. Borrowing for February would be budgeted as:
a.94,000
b. 10,000
c. 34,000
d. 24,000
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