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The following information was reported in a budgeted schedule of cash receipts and disbursements: Beginning Cash Balance - $24,000 Cash receipts - $31,000 Cash disbursements

The following information was reported in a budgeted schedule of cash receipts and disbursements: Beginning Cash Balance - $24,000 Cash receipts - $31,000 Cash disbursements - $42,000 Min cash balance desired - $22,000 How much cash will the company have to borrow in order to meet its required needs? Question 51 options: $0 $7,000 $9,000 $11,000

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