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The following information was reported in a cash budget: Beginning cash balance $350,000 Cash payments 464,000 Cash receipts 360,000 Minimum cash balance desired 260,000 How

The following information was reported in a cash budget: Beginning cash balance $350,000 Cash payments 464,000 Cash receipts 360,000 Minimum cash balance desired 260,000 How much cash will the company have to borrow in order to meet its required needs? a. $14,000 b. $104,000 c. $90,000 d. $76,000

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