A Company has a cash balance of 41,176 on May 1. The company is required...
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Accounting
A Company has a cash balance of 41,176 on May 1. The company is required to keep a minimum cash balance of 17,597. The Company expects to collect $186,207 during May. Also during May, the company expects to spend 227,117. How much will the company need to borrow during May?
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