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The following information was taken from Sloan Ltd's cash budget for the month of July: Beginning cash balance $90 000 Cash receipts 57 000 Cash
The following information was taken from Sloan Ltd's cash budget for the month of July: Beginning cash balance $90 000 Cash receipts 57 000 Cash disbursements 102 000 If the company has a policy of maintaining a minimum end of the month cash balance of $75 000, the amount the company would have to borrow is: $45 000 O $18 000 0 $30 000 O $15 000
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