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How much would the company have to borrow in June

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Problem - According to Harcourt Inc.'s Cash Budget for the month of June, The total cash available was $480,000, the total disbursements were $470,000 and the minimum desired cash balance was $20,000. Assuming a sufficient line of credit was available, how much would the company have to borrow in June? Do not use dollar signs or commas in your answer.

Reference no: EM132845310

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