How to maintain a cash balance


Southern Company is preparing a cash budget for April. The company has $12,000.00 cash at the beginning of April and anticipates $30,000.00 in cash receipts and $34,000.00 in cash disbursements during April. Southern Company has an agreement with it's bank to maintain a cash balance of at least $10,000. To maintain the $10,000 required balance during April the company must?

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Accounting Basics: How to maintain a cash balance
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