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Your company collected $304.00 million and spent $378.00 million this month. If previous month's cash position (cumulative cash) is $13.92 million and your company target
Your company collected $304.00 million and spent $378.00 million this month. If previous month's cash position (cumulative cash) is $13.92 million and your company target cash position is $35.00 million. What's your company's cash surplus/shortage at the end of this month, with positive number indicates a surplus and negative number indicates a shortage?
Note: your answer should be in millions of dollars
hint:
surplus/shortage = cumulative cash - target cash
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