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The firm must retire a $25,000 loan in January. Since the $25,000 loan is retired in January, the desired level of cash will be reduced

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The firm must retire a $25,000 loan in January. Since the $25,000 loan is retired in January, the desired level of cash will be reduced to $6,000 starting in February. After completing the cash budget, answer the following questions: 1. What are the firm's accounts receivable at the end of March? 2. What are the firm's cash, amount borrowed, and short-term marketable securities at the end of March? 3. What is the amount borrowed during February? 4. What is the maximum amount borrowed and when is the loan retired? 5. In May, can the firm acquire money market securities? What are several possible money market securities the firm may acquire

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