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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 are
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 $128,000, while budgeted cash receipts are $129,000. Wise Company wants to have an ending cash balance of $46,000. How much would Wise Company need to borrow to achieve its desired ending cash balance? CE O A. $47,000 OB. $82,000 OC. $36,000 OD $10,000
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