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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 $ in January and April. Taxes of $ are due in April. The firm also intends to make a $ cash purchase of fixed assets in December.
a Assuming that the firm has a cash balance of $ at the beginning of November, determine the endofmonth cash balances for each month, November through April.
b Assuming that the firm wishes to maintain a $ 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 $ at the beginning of November, determine the endofmonth 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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