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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
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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