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G3 Companys cash budget for March shows cash available of $60,000 and cash...

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Accounting

  1. G3 Companys cash budget for March shows cash available of $60,000 and cash payments of $83,200. The firm can only borrow in $1,000 increments and must maintain a minimum cash balance of $10,000. Budgeted borrowing for March will be:

    $24,000

    $34,000

    $94,000

    $10,000

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