A firm has estimated the two month cash budget below What is the cash surplus or deficit for these two months ($ in millions) Sales MAR APR 75 0 68 0 Cash collection 63 0 65 0 Total cash disbursement 60 0 57 0 Net cash flow 3 0 8 0 Cumulative net cash flow 11 0 Minimum cash balance 3 0 3 0 Cash sur...

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A firm has estimated the two-month cash budget below. What is the cash surplus or deficit for

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A firm has estimated the two-month cash budget below.

What is the cash surplus or deficit for these two months?

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ISBN: 9781266827877

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Authors: Marcia Cornett, Troy Adair, John Nofsinger

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Question Posted: May 29, 2024 09:02 AM

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A firm has estimated the two-month cash budget below. What is the cash surplus or deficit for

Question:

($ in millions) Sales MAR APR 75.0 68.0 Cash collection 63.0 65.0 Total cash disbursement 60.0 57.0 Net cash flow 3.0 8.0 Cumulative net cash flow 11.0 ? Minimum cash balance 3.0 3.0 Cash surplus or deficit ? ?

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M Finance

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