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Analyze the company application for loans and repayments

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Reference no: EM132999736

Problem - The company Glass Inc. requests to make the cash budget corresponding to the year 2018, broken down on a monthly basis from January to December. Take into account:

The desired minimum cash balance is $10,000.00

Equipment purchases will be made as follows: January $21,000.00; July $18,000.00

Payment of dividends for March $5,000.00; July $5,000.00; October $5,000.00; December $5,000.00

Initial balance of $12,000.00

Required - The following is requested: Based on the cash budget prepared, you must analyze the company's application for loans and repayments.

Reference no: EM132999736

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