Analyze the companys application for loans

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Reference no: EM132979644

Question: 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 minimum desired 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

The following is requested:

a) Based on the cash budget prepared, you must analyze the company's application for loans and repayments.

Reference no: EM132979644

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