Business, 26.06.2020 16:01, 123abc321cbaabc

Southland Company is preparing a cash budget for August. The company has $17,000 cash at the beginning of August and anticipates $120,800 in cash receipts and $134,500 in cash payments during August. Southland Company wants to maintain a minimum cash balance of $10,000. To maintain the minimum cash balance of $10,000, the company must borrow:

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Southland Company is preparing a cash budget for August. The company has $17,000 cash at the beginni...