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The Following Information Was Taken from Hobson Company Cash Budget

Question 15

Multiple Choice

The following information was taken from Hobson Company cash budget for the month of June The following information was taken from Hobson Company cash budget for the month of June If the company has a policy of maintaining end-of-the-month cash balance of $125,000, the amount the company would have to borrow is A) $50,000. B) $25,000. C) $0 D) $75,000. If the company has a policy of maintaining end-of-the-month cash balance of $125,000, the amount the company would have to borrow is


A) $50,000.
B) $25,000.
C) $0
D) $75,000.

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