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How much cash does Rose must invest

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Question - At the beginning of the current month, Rose had P100,000. Cash disbursements were P2,600,000 and cash collections were P2,850,000. Rose invests all excess cash in a money market fund and has a line of credit to cover cash deficiencies. If Rose wishes to start the next month with P150,000, how much cash does Rose must invest?

Reference no: EM132911237

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