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The following information was taken from Skysong, Inc. cash budget for the month of April Beginning cash balance $98000 Cash receipts 89000 Cash disbursements 112000 If the company has a policy of maintaining an end of the month cash balance of $82000, the amount the company would have to borrow is

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3 votes

Answer:

$7000

Step-by-step explanation:

$ 98,000+$89,000−$112,000 = $75000 + $7000 = $82000

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