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    Express Graphics Cash Borrowing

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    For the year, Express Graphics forecasts cash receipts of $430,000 and cash disbursements of $405,000. The beginning cash balance is $21,000. If express maintains a minimum cash balance of $50,000, how much must the company borrow?

    a) 4000
    b) 25000
    c) 46000
    d) 54000

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    https://brainmass.com/business/accounting/express-graphics-cash-borrowing-234288

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