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Business, 21.10.2021 01:00 xxkeyxx51

During September, the capital expenditure budget indicates a $280,000 purchase of equipment. The September cash balance (Net Cash) from Operations is budgeted to be $40,000 before considering the capital expenditure purchase. The company wants to maintain a minimum cash balance (El) of $20,000. What is the minimum cash loan that must be planned to be borrowed from the bank during September? a. $220,000
b. $240,000
c. $260,000
d. $300,000

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