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Business, 25.04.2020 03:50 briyuna15

Zhang Industries is preparing a cash budget for June. The company has $28,000 cash at the beginning of June and anticipates $95,000 in cash receipts and $118,790 in cash disbursements during June. The company has no loans outstanding on June 1. Compute the amount the company must borrow, if any, to maintain a $20,000 cash balance.

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Zhang Industries is preparing a cash budget for June. The company has $28,000 cash at the beginning...
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