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The following information was taken from Hobson Company cash budget for the month of June Beginning cash balance Cash receipts Cash disbursements If the company

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The following information was taken from Hobson Company cash budget for the month of June Beginning cash balance Cash receipts Cash disbursements If the company has a policy of maintaining an end-of-the-month cash balance of $150,000, the amount the company would have to borrow is $180,000 174,000 204,000 $66,000. $30,000. O $0 $90,000

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