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The following information was taken from Sunland Company cash budget for the month of July: Beginning cash balance Cash receipts Cash disbursements $120000 115000 163000

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The following information was taken from Sunland Company cash budget for the month of July: Beginning cash balance Cash receipts Cash disbursements $120000 115000 163000 If the company has a policy of maintaining an end of the month cash balance of $120000, the amount the company would have to borrow is $72000. $34000. $48000. $24000

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