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Big Sky Company is preparing a cash budget for...

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Accounting

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Big Sky Company is preparing a cash budget for August. The company has $17,300 cash at the beginning of August and anticipates $121,400 in cash receipts and $135,100 in cash disbursements during August. Southland Company wants to maintain a minimum cash balance of $10,000. To maintain the minimum cash balance of $10,000, the company must borrow: $10,000 $7,300 $7,300 $6,400

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