Business, 18.11.2020 17:10 SmokeyRN

Southland Company is preparing a cash budget for August. The company has $18,100 cash at the beginning of August and anticipates $123,000 in cash receipts and $136,700 in cash payments during August. Southland Company wants to maintain a minimum cash balance of $10,000. To maintain the minimum cash balance of $10,000, the company must borrow:A. $0.B. $10,000.C. $6,700.D. $7,000.E. $27,700.

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Southland Company is preparing a cash budget for August. The company has $18,100 cash at the beginni...

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