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Business, 16.06.2021 21:10 meaghan18

Durango Co. has cash receipts of $120,000 and total cash disbursements of $112,000. Durango Co. started with a beginning cash balance of $4,000 and desires an ending cash balance of $8,000. Durango Co. can borrow money in $1,000 increments. How much debt can Durango Co. repay and still meet its desired cash requirement?

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Durango Co. has cash receipts of $120,000 and total cash disbursements of $112,000. Durango Co. star...
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