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A partial cash budget for the MPQ Corporation is shown below in $ 1 -Million(M) - Cash Receipts =$2 Million
Cash Disbursement = $ 1 Million
Beginning cash balance=$ 0.5 million
Minimum cash balance required = $ 1.75 Million
What is the cash shortage or surplus amount for the MPQ Corporation.
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What quarterly payment is necessary to accumulate $9340000 over 11 years if the annual interest rate is 8% compounded quarterly?
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A firm has an ending cash balance of $1,700 and a cumulative surplus of $1,300. What is the minimum cash balance?
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