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Foyert Corporation requires a minimum $ 7 , 5 0 0 cash balance. Loans taken to meet this requirement cost 2 % interest per month
Foyert Corporation requires a minimum $ cash balance. Loans taken to meet this requirement cost interest per month paid at the end of each month Any preliminary cash balance above $ is used to repay loans at monthend. The cash balance on October is $ and the company has an outstanding loan of $ Budgeted cash receipts other than for loans received and budgeted cash payments other than for loan or interest payments follow. tableOctoberNovember,December,Cash receipts,$$$
Foyert Corporation requires a minimum $ cash balance. Loans taken to meet this requirement cost interest per month paid at the end of each month Any preliminary cash balance above $ is used to repay loans at monthend. The cash balance on October is $ and the company has an outstanding loan of $ Budgeted cash receipts other than for loans received and budgeted cash payments other than for loan or interest payments follow.
tableOctoberNovember,December,Cash receipts,$$$
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