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The following information was reported in a budgeted schedule of cash receipts and disbursements: Beginning Cash Balance $100,000Cash Receipts 60,000Cash Disbursements 80,000Minimum desired ending cash

The following information was reported in a budgeted schedule of cash receipts and disbursements: Beginning Cash Balance $100,000Cash Receipts 60,000Cash Disbursements 80,000Minimum desired ending cash balance 100,000How much cash will the company need to borrow in order to meet its desired cash needs? a. $0 b. $10,000 c. $20,000 d. $30,000

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