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Bustillo Incorporated is working on its cash budget for March. The budgeted beginning cash balance...

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Accounting

Bustillo Incorporated is working on its cash budget for March. The budgeted beginning cash balance is $40,000. Budgeted cash receipts total $121,000 and budgeted cash disbursements total $115,000. The desired ending cash balance is $61,500. To attain its desired ending cash balance for March, the company needs to borrow:

$107,500

$15,500

$0

$61,500

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