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Business, 27.09.2019 02:30 Nerdylearner8639

During september, the capital expenditure budget indicates a $280,000 purchase ofequipment. the ending september cash balance from operations is budgeted to be$40,000. the company wants to maintain a minimum cash balance of $20,000. what isthe minimum cash loan that must be planned to be borrowed from the bank duringseptember?

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