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Wise Company is preparing its cash budget for the upcoming month. The budgeted beginning cash balance is expected to be $35,000. Budgeted cash disbursements
Wise Company is preparing its cash budget for the upcoming month. The budgeted beginning cash balance is expected to be $35,000. Budgeted cash disbursements are $120,000, while budgeted cash receipts are $126,000. Wise Company wants to have an ending cash balance of $44,000. How much would Wise Company need to borrow to achieve its desired ending cash balance? A. $50,000 OB. $41,000 c. $85,000 OD. $3,000
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