Multiple Choice
A firm has a minimum desired cash balance of $120,000.Any cash shortfalls will be made up with short-term financing.The net cash flow for January is $80,000 and the beginning balance for that month is $15,000: short-term financing requirements that month will be:
A) -$120,000
B) $25,000
C) $215,000
D) cannot determine from this information
Correct Answer:
Verified
Correct Answer:
Verified
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