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Business, 29.01.2021 16:40 ciaralamont2

Roman Company is preparing its cash budget for the upcoming month. The budgeted beginning cash balance is expected to be $40,000. Budgeted cash receipts are $101,000, while budgeted cash disbursements are $123,000. Roman Company wants to have an ending cash balance of $45,000. How much would Roman Company need to borrow to achieve its desired ending cash balance?

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Roman Company is preparing its cash budget for the upcoming month. The budgeted beginning cash balan...
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