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    Borrowing amount

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    Question 12:

    Bries Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $21,000. Budgeted cash receipts total $183,000 and budgeted cash disbursements total $182,000. The desired ending cash balance is $40,000.

    To attain its desired ending cash balance for January, the company should borrow:





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    Solution Summary

    This provides the steps to calculate the Borrowing amount. The desired ending cash balances are determined.