=+b. The directors decide that the cash balance should be maintained at 20,000 at any given point

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=+b. The directors decide that the cash balance should be maintained at £20,000 at any given point of time. Determine the required total financing or excess cash balance for each month, March to August.

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Principles Of Managerial Finance

ISBN: 9781292261515

15th Global Edition

Authors: Chad J. Zutter, Scott Smart

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