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On January 1, Matzke Company has a beginning cash balance of $84,000. During the

ID: 2356593 • Letter: O

Question

On January 1, Matzke Company has a beginning cash balance of $84,000. During the year, the company expects cash disbursements of $680,000 and cash receipts of $580,000. If Matzke requires an ending cash balance of $80,000, Matzke Company must borrow Answer $80,000. $64,000. $184,000. $96,000. On January 1, Matzke Company has a beginning cash balance of $84,000. During the year, the company expects cash disbursements of $680,000 and cash receipts of $580,000. If Matzke requires an ending cash balance of $80,000, Matzke Company must borrow $80,000. $64,000. $184,000. $96,000. $80,000. $64,000. $184,000. $96,000.

Explanation / Answer

$64,000 working: 84000 + 580000+80000 - 680000 = $64,000

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