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Schlichting Company Is Preparing a Cash Budget for the Month

Question 123

Multiple Choice

Schlichting Company is preparing a cash budget for the month of June.The following information is available: Schlichting Company is preparing a cash budget for the month of June.The following information is available: The minimum cash balance desired is $5,000.What amount should be borrowed at June 30,2010? A) $0 B) $2,000 C) $3,000 D) $4,000 The minimum cash balance desired is $5,000.What amount should be borrowed at June 30,2010?


A) $0
B) $2,000
C) $3,000
D) $4,000

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