The Calendar Company expects to have $4,000 in cash on hand at the beginning of January, and

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The Calendar Company expects to have $4,000 in cash on hand at the beginning of January, and the company's target cash balance is $2,000. Net cash flow for January is minus $10,000. The company borrows to meet short term cash needs.

What amount will Calendar Company need to borrow to meet their target cash balance at the end of January?

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Survey of Accounting

ISBN: 978-1119330028

1st edition

Authors: Paul D. Kimmel, Jerry J. Weygandt

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Posted Date: Mar 26, 2024 12:50 AM

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The Calendar Company expects to have $4,000 in cash on hand at the beginning of January, and

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