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Tiffany Companys management wants to maintain a minimum monthly cash balance of $15,000. At the beginning of March, the cash balance is $16,500, expected cash

Tiffany Companys management wants to maintain a minimum monthly cash balance of $15,000. At the beginning of March, the cash balance is $16,500, expected cash receipts for March are $210,000, and cash disbursements are expected to be $220,000. How much cash, if any, must Tiffany Company borrow to maintain the desired minimum monthly balance? A. $7,500 B. $8,500 C. $9,500 D. $6,500

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