Multiple Choice
Your firm has a net cash inflow for the quarter of -$30 (negative) . The beginning cash balance is $15. Company policy is to maintain a minimum cash balance of $5 and borrow only the amount that is necessary to maintain that balance. How much does your firm need to borrow to have a zero cumulative surplus?
A) $10
B) $15
C) $20
D) $25
E) $30
Correct Answer:
Verified
Correct Answer:
Verified
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