cash balance

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French Connection Company has a cash balance of $10,000 on 1 December. The company must maintain a minimum cash balance of $5,000. During December expected cash receipts are $37,000. Expected cash disbursements during the month total $52,000. During December the company will need to borrow

borrow:

a. £5,000

b. £10,000

c. £15,000

d. £35,000

e. £0

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