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Question 9 3 points Lancer Company's summary of it's budget cash flows is given below 20 Quarter 3d Quarter 4th Quarter Total receipts $180,000 $340,000
Question 9 3 points Lancer Company's summary of it's budget cash flows is given below 20 Quarter 3d Quarter 4th Quarter Total receipts $180,000 $340,000 $230,000 5260,000 Total cash disbursement $240.000 $270,000 5200.000 $250,000 Beginning cash balance for upcoming fiscal year, 516.000 Minimum cash balance required. 515.000 Interest rate 2% per quarter. Repay loan at the end of 2nd quarter. Interest is due on any principal at the time it is paid. Interest is not compounded. How much is total cash available for use in the 3rd Quarter? A 5311.000 $355.000 0.000 D252640
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