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Zhang Industries is preparing a cash budget for June. The company has $30,000 cash at the beginning of June and anticipates $99,000 in cash receipts

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Zhang Industries is preparing a cash budget for June. The company has $30,000 cash at the beginning of June and anticipates $99,000 in cash receipts and $123,790 in cash payments during June. The company has no loans outstanding on June 1. Compute the amount the company must borrow, if any, to maintain a $24,000 cash balance. Multiple Choice $12.790. $18,790

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