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25-12-2019
Business

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The following information was taken from Southgate Industry's cash budget for the month of July:
Beginning cash balance $127000 Cash receipts 114000 Cash disbursements 144000 If the company has a policy of maintaining an end of the month cash balance of $106000, the amount the company would have to borrow is

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25-12-2019

Answer:

$9000

Explanation:

$127000 + $114000 = $241000 - $144000 = $97000 + $9000 = $106000

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