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Eddie's had a cash balance of $2,000 on March 1, which is also its minimum required cash balance. The compary invests any cash in wictss
Eddie's had a cash balance of $2,000 on March 1, which is also its minimum required cash balance. The compary invests any cash in wictss of $ : marketable securities. Marketable securities are sold before funds are borrowed when a cash shortage occurs. Coans are paid before new markatal securities are purchased in a month. There is an outstanding loan of \$2,000 on March 1. The opening balance of the Marketable Securibes on Mar 1 was \$0. Prepare a cash budget for March, April, and May by completing the following table. (fill In every cell, even if the number is zero) Solution Instructions: Prepare the monthly cash flow schedule for the company (when putting negative values, vou must use the minus sikn and not brackets) Prepare the monthly cash flow schedule for the company (when putting nepative values, vou must use the minus sign and not brackets) Eddie's had a cash balance of $2,000 on March 1, which is also its minimum required cash balance. The compary invests any cash in wictss of $ : marketable securities. Marketable securities are sold before funds are borrowed when a cash shortage occurs. Coans are paid before new markatal securities are purchased in a month. There is an outstanding loan of \$2,000 on March 1. The opening balance of the Marketable Securibes on Mar 1 was \$0. Prepare a cash budget for March, April, and May by completing the following table. (fill In every cell, even if the number is zero) Solution Instructions: Prepare the monthly cash flow schedule for the company (when putting negative values, vou must use the minus sikn and not brackets) Prepare the monthly cash flow schedule for the company (when putting nepative values, vou must use the minus sign and not brackets)
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