a company has $10,000 in cash on march 31. the desired cash balance on june...
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a company has $10,000 in cash on march 31. the desired cash balance on june 30 is $20,000. sales for the quarter are expected to be $300,000, all in cash. cash operating expenses are expected to be $50,000. merchandise inventory purchases of $280,000 are paid in cash at the time of the purchase. what amount of financing will the company need during the quarter? circle your answer
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