A firm has estimated the following two month cash budget. What is the cash surplus or deficit
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Mar Apr Sales 120 130 Cash collection 84.0 90.0 Total cash disbursement 90.0 85.0 Net cash flow -6.0 5.0 Cumulative net cash flow -15.0 ? Minimum cash balance 10.0 10.0 Cash surplus or deficit ? ?
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Related Book For
Finance Applications and Theory
ISBN: 978-0077861681
3rd edition
Authors: Marcia Cornett, Troy Adair
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