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The following information is available for Ivanhoe Company for the month of January: expected cash receipts $57, 560;expected cash disbursements $66, 980; and cash balance

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The following information is available for Ivanhoe Company for the month of January: expected cash receipts $57, 560;expected cash disbursements $66, 980; and cash balance on January 1, $11, 800. Management wishes to maintain a minimum cash balance of $7, 8800

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