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The following information was taken from Nex Manufacturing's cash budget for the month of July: Beginning cash balance $220,000 Cash receipts 316,000 Cash disbursements
The following information was taken from Nex Manufacturing's cash budget for the month of July: Beginning cash balance $220,000 Cash receipts 316,000 Cash disbursements 404,000 If the company has a policy of maintaining a minimum end of the month cash balance of $220,000, the amount the company would have to borrow is O 132,000 404,000 O 88,000 220,000
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