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The following information was taken from Mitchell Company cash budget for the month of July: Beginning cash balance $100,000 Cash receipts 96,000 Cash disbursements 136,000
The following information was taken from Mitchell Company cash budget for the month of July:
| Beginning cash balance | $100,000 | |
| Cash receipts | 96,000 | |
| Cash disbursements | 136,000 |
If the company has a policy of maintaining end of the month cash balance of $100,000, the amount the company would have to borrow is
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