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The Following Information Was Taken from Mitchell Company Cash Budget

Question 178

Multiple Choice

The following information was taken from Mitchell Company cash budget for the month of July: The following information was taken from Mitchell Company cash budget for the month of July: If the company has a policy of maintaining end of the month cash balance of $100,000, the amount the company would have to borrow is A) $40,000. B) $20,000. C) $60,000. D) $24,000. If the company has a policy of maintaining end of the month cash balance of $100,000, the amount the company would have to borrow is


A) $40,000.
B) $20,000.
C) $60,000.
D) $24,000.

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