A firm has estimated the two-month cash budget below. What is the cash surplus or deficit...
A firm has estimated the two-month cash budget below. What is the cash surplus or deficit for these two months? (Enter your answers in millions of dollars.)
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Homework Answers
April's Cumulative net cash flow = March's Cumulative net cash flow + Net Cash Flow
= 29 + 17 = $46 million
March Cash Surplus or Deficit = Cumulative net cash flow - Minimum cash balance
= 29 - 20 = $9 million
April Cash Surplus or Deficit = Cumulative net cash flow - Minimum cash balance
= 46 - 20 = $26 million
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