Hull Corporation s management wants to maintain a minimum monthly cash
Hull Corporation’s management wants to maintain a minimum monthly cash balance of $8,000. At the beginning of September, the cash balance is $12,270; expected cash receipts for September are $97,200; cash disbursements are expected to be $115,000. How much cash, if any, must Hull borrow to maintain the desired minimum monthly balance? Determine your answer by using the basic form of the cash budget.

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