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Tri-Facet Company's policy is to maintain a minimum cash balance of $17,500. On May 1, 2021, Tri-Facet has a cash balance of $18,000. During the
Tri-Facet Company's policy is to maintain a minimum cash balance of $17,500. On May 1, 2021, Tri-Facet has a cash balance of $18,000. During the month of May, budgeted cash receipts are $36,400. Budgeted cash disbursements for May are $41,180. How much money will Tri-Facet Company need to borrow for the month of May? $4,780 $4,280 $4,820 O $17,500
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