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Business, 25.12.2019 03:31 nev322

Letestu company has a beginning cash balance on january 1, 2011 of $10,000. cash collected in january is $100,000 and sales revenue in january is $108,000. expected disbursements for january for inventory purchases are $45,000 and for selling and administrative expenses are $62,000. additionally, a dividend payment of $5,000 will be made in january. letestu maintains a minimum cash balance of $5,000. how much cash will letestu need to borrow in january in order to meet the minimum balance requirement?

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Letestu company has a beginning cash balance on january 1, 2011 of $10,000. cash collected in januar...
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