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Firm A has a cash balance of $10,000 as of March 1. During March, the company paid $8,000 for purchases, $12,000 for wages, and $1,500

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Firm A has a cash balance of $10,000 as of March 1. During March, the company paid $8,000 for purchases, $12,000 for wages, and $1,500 for interest expense. The company maintains a minimum cash balance of $8,000. Sales for the firm for January, February and March are $20,000, $12,000, and $15,000, respectively. The company collects 50% of sales in the month of sale, 40% in the following month, and 10% in the second month following the month of sale. What is the cash surplus or deficit at the end of March

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