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Batista Company management wants to maintain a minimum monthly cash balance of $19,400....

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Accounting

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Batista Company management wants to maintain a minimum monthly cash balance of $19,400. At the beginning of April, the cash balance is $19,400, expected cash receipts for April are $245,600, and cash disbursements are expected to be $255,000. How much cash, if any, must be borrowed to maintain the desired minimum monthly balance? Amount to be borrowed to maintain the desired minimum monthly balance $

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