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dividends of $ 2 0 , 0 0 0 in January and April. Taxes of $ 7 9 , 0 0 0 are due in

dividends of $20,000 in January and April. Taxes of $79,000 are due in April. The firm also intends to make a $25,000 cash purchase of fixed assets in December.
a. Assuming that the firm has a cash balance of $23,000 at the beginning of November, determine the end-of-month cash balances for each month, November through April.
b. Assuming that the firm wishes to maintain a $15,000 minimum cash balance, determine the required total financing or excess cash balance for each month, November through April.
c. If the firm were requesting a line of credit to cover needed financing for the period November to April, how large would this line have to be? Explain your answer.
a. Assuming that the firm has a cash balance of $23,000 at the beginning of November, determine the end-of-month cash balances for each month, November through April.
Complete the November cash budget for Xenocore, Inc. below: (Round to the nearest dollar.)
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(Click on the icon here in order to copy the contents of the data table below into
a spreadsheet.)

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