Zhang Industries is preparing a cash budget for June. The company has $32,000 cash at...
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Zhang Industries is preparing a cash budget for June. The company has $32,000 cash at the beginning of June and anticipates $103,000 in cash receipts and $128,790 in cash payments during June. The company has no loans outstanding on June 1. Compute the amount the company must borrow, if any, to maintain a $23,000 cash balance. Multiple Choice $25,790. o $17,790. o $29,210. o $7.790
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