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Business, 06.05.2020 04:42 djs1002

Santos Co. is preparing a cash budget for February. The company has $18,000 cash at the beginning of February and anticipates $66,000 in cash receipts and $116,000 in cash disbursements during February. What amount, if any, must the company borrow during February to maintain a $5,000 cash balance? The company has no loans outstanding on February 1. (Negative cash balances, if any, should be indicated with minus sign.)

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Santos Co. is preparing a cash budget for February. The company has $18,000 cash at the beginning of...
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