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Business, 03.12.2021 17:20 brentking2001

A company is preparing its cash budget. Its cash balance on January 1 is $290,000, and it has a minimum cash requirement of $340,000. The following data have been provided: Cash receipts
January $1,061,200
February $1,182,400
March $1,091,700
Cash payments
Jan 984,500
Feb 1,210,000
March 1,075,000


The amount of cash excess or deficiency (after considering the minimum cash balance required) for February is a(n)

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A company is preparing its cash budget. Its cash balance on January 1 is $290,000, and it has a mini...
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