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Question(s) / Instruction(s):

ABC Company has a cash balance of $9,000 on April 1. The company must maintain a minimum cash balance of $6,000. During April expected cash receipts are $45,000. Expected cash disbursements during the month total $52,000. During April the company will need to borrow: a) $2,000 b) $4,000 c) $6,000 d) $8,000

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