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The following information was reported in a cash budget: Beginning Cash Balance $280,000 Cash payments during the month $494,000 Cash receipts from various sources $370,000

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The following information was reported in a cash budget: Beginning Cash Balance $280,000 Cash payments during the month $494,000 Cash receipts from various sources $370,000 Minimum cash balance desired $200,000 Determine the borrowing requirement, if any, in order to meet its required needs? a. $0 b. $44,000 c. $64,000 d. $124,000

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