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You had a buddy in college who was fortunate to receive a monthly allowance of $300 from a loving aunt. It never failed. He would

You had a buddy in college who was fortunate to receive a monthly allowance of $300 from a loving aunt. It never failed. He would get the cash infusion on the 1st of each month and then spend it foolishly at the bars by the 5th yet had to have this allowance last him all month! What kind of cash position was he in by the 6th?

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