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Venetian Company management wants to maintain a minimum monthly cash balance of $20,590. At the beginning of April, the cash balance is $21,420, expected cash receipts for March are $242,000, and cash disbursements are expected to be $258,920. How much cash, if any, must be borrowed to maintain the desired minimum monthly balance?

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Category:- Accounting Basics
Reference No.:- M9977145

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