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Business, 11.11.2019 21:31 hamadehassan

Madison corporation’s expected beginning cash balance is $35,000. cash collections are budgeted at $50,000 and cash disbursements are estimated to be $80,000. the minimum required cash balance is $20,000 and the company can borrow as much as needed in increments of $10,000. calculate the expected ending cash balance for the month.

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