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ABC Company is preparing a cash budget for August. During the month the company expects:...

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Accounting

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ABC Company is preparing a cash budget for August. During the month the company expects: $17.700 in beginning cash . $122,200 in cash receipts $135,200 in cash payments ABC Company wants to maintain a minimum cash balance of $10,000. If ABC Company does not borrow money, what will be the cash balance at the end of August? Multiple Choice $4700 (513,000)

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