Markham Enterprises needs to plan its cash requirements and short-term investment opportunities for the months of June,
Question:
Markham Enterprises needs to plan its cash requirements and short-term investment opportunities for the months of June, July, and August. The following data are available. The beginning balance is –$28,000 for June and the minimum required cash balance is $30,000. All amounts are shown in thousands of dollars.
a. Prepare a scenario analysis of Markham Enterprises.
b. Identify the finance need/surplus for each month under the different scenarios. If needed, where could the funds be obtained? What should be done with a surplus of cash?
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a Scenario Analysis Lets start with the calculations for each month and scenario June Beginning balance 28000 Total cash receipts 250000 Total cash di...View the full answer
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Related Book For 
Principles Of Managerial Finance
ISBN: 9781292018201
14th Global Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
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