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Free InquiryFrench 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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