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Roman Company is preparing its cash budget for the upcoming month. The budgeted beginning cash balan

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Roman Company is preparing its cash budget for the upcoming month. The budgeted beginning cash balan

Roman Company is preparing its cash budget for the upcoming month. The budgeted beginning cash balance is expected to be $40,000. Budgeted cash receipts are $101,000, while budgeted cash disbursements are $123,000. Roman Company wants to have an ending cash balance of $45,000. How much would Roman Company need to borrow to achieve its desired ending cash balance?
A) $27,000
B) $18,000
C) $23,000
D) $63,000

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Managerial Accounting

Edition: 4^th

Author: Braun

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