Cash Surplus or Deficit A firm has estimated the two-month cash budget below. What is the cash
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Cash Surplus or Deficit A firm has estimated the two-month cash budget below. What is the cash surplus or deficit for these two months? (LG12)
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($ in millions) Sales Cash collection MAR APR 75.0 68.0 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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Related Book For
Finance Applications And Theory
ISBN: 9780073530673
2nd Edition
Authors: Marcia Cornett, Troy Adair, John Nofsinger
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