25) Brockman Company is preparing its cash budget for the upcoming month. The budgeted beginning...
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25) Brockman Company is preparing its cash budget for the upcoming month. The budgeted beginning cash balances expected to be $35,000. Budgeted cash disbursements are $127,000, while budgeted cash receipts are $126,000. Brockman Company wants to have an ending cash balance of $50,000. How much would Brockman Company need to borrow to achieve its desired ending cash balance? 25) A) $16,000 B) $34,000 C) $49,000 D) $84,000
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