Solution-Compute what is the minimum cash loan that must be

Compute what is the minimum cash loan that must be planned

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Question 1: During September, the capital expenditure budget indicates a $420,000 purchase of equipment. The ending September cash balance from operations is budgeted to be $60,000. The company wants to maintain a minimum cash balance of $30,000. What is the minimum cash loan that must be planned to be borrowed from the bank during September?

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Compute what is the minimum cash loan that must be planned

Reference no: EM132528408

Reference no: EM132528408

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