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The Following Information Was Taken from Noble Company's Cash Budget

Question 165

Multiple Choice

The following information was taken from Noble Company's cash budget for the month of July: The following information was taken from Noble Company's cash budget for the month of July: If the company has a policy of maintaining a minimum end of the month cash balance of $200,000, the amount the company would have to borrow is A) $80,000. B) $40,000. C) $120,000. D) $48,000. If the company has a policy of maintaining a minimum end of the month cash balance of $200,000, the amount the company would have to borrow is


A) $80,000.
B) $40,000.
C) $120,000.
D) $48,000.

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