Palmerin corporation is preparing its cash budget for, Ask an Expert

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Palmerin Corporation is preparing its cash budget for November. The budgeted beginning cash balance is $30,000. Budgeted cash receipts total $167,000 and budgeted cash disbursements total $171,000. The desired ending cash balance is $50,000.

To attain its desired ending cash balance for November, the company should borrow:

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Accounting Basics, Accounting

Category:- Accounting Basics
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