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Melori Inc. has a current cash balance of $5,000. They have accounts receivable of $3,500, accounts payable of $1,350, and an inventory balance of $4,250.

Melori Inc. has a current cash balance of $5,000. They have accounts receivable of $3,500, accounts payable of $1,350, and an inventory balance of $4,250. Their bank requires them to have a $5,000 cash balance at all times, but they would like to take advantage of a 3% cash discount on their accounts payable. 


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