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Below is the bottom portion of Fords cash budget for February. Assuming Ford must have a minimum cash balance of $100,000 at the end of
Below is the bottom portion of Fords cash budget for February. Assuming Ford must have a minimum cash balance of $100,000 at the end of each month, its credit line borrowings (repayments) for March would be _____ and its cash balance on March 31 would be ____.
February | March | |
Cash Surplus (Deficit) |
| $200,000 |
Beginning Cash Balance |
|
|
Borrowings (Repayments) |
|
|
Ending Cash Balance | $100,000 |
|
Cumulative Borrowings | $150,000 |
|
a. | $0; $300,000 |
b. | ($150,000); $150,000 |
c. | 150,000; $450,000 |
d. | ($200,000); $100,000 |
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