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Business, 12.08.2019 21:30 zitterkoph

Bantam industries has budgeted the following information for march: if there is a cash shortage, the company borrows money from the bank. all cash is borrowed at the beginning of the month in $1,000 increments and interest is paid monthly at 1% on the first day of the following month. the company had no debt before march 1st. the shortage or surplus of cash before considering cash borrowed in march would be:

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