Question
La Compagnie ABC a un solde de trsorerie de 9 000 $ le 1er avril. La compagnie doit maintenir un solde minimum de 6 000
La Compagnie ABC a un solde de trsorerie de 9 000 $ le 1er avril. La compagnie doit maintenir un solde minimum de 6 000 $. En avril, les rentres de fonds prvues sont de 45 000$. Les dcaissements prvus au cours du mois totalisent 52 000 $. L'entreprise a une marge de crdit de 50 000 $ 10 % d'intrt annuel (disponible en totalit). Elle emprunte le premier jour du mois et rembourse les emprunts le dernier jour du mois. Quel montant l'entreprise devra-t-elle emprunter en avril?
English:
ABC Company has a cash balance of $9,000 on April 1. The company must maintain a minimum balance of $6,000. The expected cash inflow in April is $45,000. Expected cash disbursements during the month total $52,000. The company has a line of credit of $50,000 at 10% annual interest (available in full). It borrows on the first day of the month and repays the loans on the last day of the month.
How much will the company need to borrow in April?
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