Question
15. Use the following information to answer the question: Cash inflows $20,000 Beginning cash balance ($5,000) Minimum cash balance $3,000 Ending cash balance $9,000 Calculate
15. Use the following information to answer the question:
Cash inflows $20,000
Beginning cash balance ($5,000)
Minimum cash balance $3,000
Ending cash balance $9,000
Calculate the amount of the firms cash outflows:
a. $ 4,000
b. $ 6,000
c. $22,000
a. $15,000
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Fundamentals Of Corporate Finance
Authors: Berk, Peter DeMarzo, Jarrad Harford
3rd Global Edition
1292018402, 9781292018409
