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Kayim Corporation iequires a minimum $ 8 , 0 0 0 cash balance. Loans taken tcinect this requirement cost 1 % interest per month (
Kayim Corporation iequires a minimum $ cash balance. Loans taken tcinect this requirement cost interest per month paid at the end of each month Any preliminary casn balaice above $ is used to repay isans at monthente The cash balance on July is $ and the company has no outstariding loans. Budgeted cashreceipis fother than for loans rceived and budgeted cash payments other than for ln or interest paypentes follow:
Prepare a cash budget for July. August, and September:
Note: Negative balnces arid Loan repayment amounts if anyhoulld be indieated, with minus sign. Round your final answers to the nearest whole dollar.
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