Husky Company has a net cash inflow for the quarter of -$725. The beginning cash balance...
Husky Company has a net cash inflow for the quarter of -$725. The beginning cash balance is $520. Company policy is to maintain a minimum cash balance of $400 and borrow only the amount that is necessary to maintain that balance. How much does the firm need to borrow to have a zero cumulative surplus? $520 $575 $605 $725 $400
Homework Answers
To maintain minimum balance of $ 400, the firm need to borrow
= ($ 400 + $725) - $520
= $ 605
Add Answer to:
Husky Company has a net cash inflow for the quarter of -$725.
The beginning cash balance...
Titles to be used are: beg cash balance Net cash inflow Interest on short term borrowing...
Titles
to be used are:
beg cash balance
Net cash inflow
Interest on short term borrowing
New shortterm borrowing
ending cash balance
minimun cash balance
cumulative surplus
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Titles
to be used are:
beg cash balance
Net cash inflow
Interest on short term borrowing
New shortterm borrowing
ending cash balance
minimun cash balance
cumulative surplus
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