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NC Industries has $125,000 of cash on hand. The firm's forecasts of cash flows for the first six months of the year are given below
NC Industries has $125,000 of cash on hand. The firm's forecasts of cash flows for the first six months of the year are given below (in $1,000s). NC Industries wants to maintain a cash balance of at least $100,000 at all times. If the balance falls below that level, the firm will borrow to bring its balance up to $100,000. If more than $100,000 of cash is available, it will use the excess to reduce its short-term borrowing. Show the monthly net cash flow, borrowing (if any), loan repayments, cash balances, and cumulative borrowing balance. Jan Feb Mar Apr May Jun Net cash flow -50 -60 -50 40 100 50 Use the information for NC Industries to answer the following two questions. Question 17 What is the loan balance of NC Industries at the end of February? 5 pts
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