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The following information pertains to Brady & Brees LLP: - Cash is collected from customers in the following manner: - 20% of purchases are paid

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The following information pertains to Brady \& Brees LLP: - Cash is collected from customers in the following manner: - 20% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month. - Labor costs are 25% of sales. Other operating costs are $30,000 per month (including $5,000 of depreciation). Both of these are paid in the month incurred. - The cash balance on September 1 is $4,380. A minimum cash balance of $4,000 is required at the end of September. Money can be borrowed in multiples of $1,000. How much is the cash balance on September 30th? $10,760 $4,240 $5,950 $4,680

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