A firm wants to maintain a $20,000 cash balance. In their worst month of the year, the net change in cash shows that they will be short $42,750, which will be offset by a beginning cash balance of $12,650. What amount should the firm finance that month?

$62,750

$32,650

$50,100

$42,750

Question

Marilyn Gutierrez

14 November, 05:12

+3

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Alyvia Beltran · Answer 1

Alyvia Beltran 14 November, 08:38

0

I don't know how I got $62,750

A firm wants to maintain a $20,000 cash balance. In their worst month of the year, the net change in cash shows that they will be short $42,750, which will be offset by a beginning cash balance of $12,650. What amount should the firm finance that month?$62,750$32,650$50,100$42,750