The following information was taken from Southgate Industry's cash budget for the month of July: Beginning cash balance $480,000 Cash receipts 304,000 Cash disbursements 544,000 If the company has a policy of maintaining a minimum end of the month cash balance of $400,000, the amount the company would have to borrow is Group of answer choices $240,000. $96,000. $160,000. $80,000.
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The following information was taken from Southgate Industry's cash budget for the month of July: Beg...
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