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smmailloux4966
27.06.2020 •
Business
Zoo Inc. is preparing its cash budget for March. The budgeted beginning cash balance is $16,000. Budgeted cash receipts total $107,000 and budgeted cash disbursements total $96,000. The desired ending cash balance is $60,000. The company can borrow up to $90,000 at any time from a local bank, with interest not due until the following month. Required: Prepare the company's cash budget for March in good form. Make sure to indicate what borrowing, if any, would be needed to attain the desired ending cash balance.
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Ответ:
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Explanation: