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For May, Young Corporation has budgeted its cash receipts at $125,000 and its cash disbursements...

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Accounting

For May, Young Corporation has budgeted its cash receipts at $125,000 and its cash disbursements at $138,000. The company's cash balance on May 1 is $17,000. If the desired May 31 cash balance is $20,000, then how much cash must the company borrow during the month (before considering any interest payments)?

$12,000

$8,000

$16,000

$4,000

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