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Santos Co. is preparing a cash budget for February. The company has $14,000 cash at the beginning of February and anticipates $67,000 in cash receipts and $117,000 in cash payments during February. What amount, if any, must the company borrow during February to maintain a $6,000 cash balance? The company has no loans outstanding on February 1. (Negative cash balances, if any, should be indicated with minus sign.)
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Santos Co. is preparing a cash budget for February. The company has $14,000 cash at the beginning of...
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