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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($ in millions) Sales MAR APR 120.0 130.0 Cash collection 84.0 90.0 Total cash disbursement 90.0 85.0 Net cash flow -6.0 5.0 Cumulative net cash flow -15.0 ? Minimum cash balance 10.0 10.0 Cash surplus or deficit ? ?
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