Multiple Choice
A firm has a minimum desired cash balance of $10,000.Any cash shortfalls will be made up with short-term financing.The net cash flow for January is $3,000 and the beginning balance for that month is $5,000: The cash balance for the beginning of February will be:
A) -$2,000
B) $10,000
C) $3,000
D) cannot determine from this information
Correct Answer:
Verified
Correct Answer:
Verified
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