Question: Foyert Corporation requires a minimum $ 6 , 2 0 0 cash balance. Loans taken to meet this requirement cost 1 % interest per month

Foyert Corporation requires a minimum $6,200 cash balance. Loans taken to meet this requirement cost 1% interest per month (paid at
the end of each month). Any preliminary cash balance above $6,200 is used to repay loans at month-end. The cash balance on
October 1 is $6,200, and the company has an outstanding loan of $2,200. Budgeted cash receipts (other than for loans received) and
budgeted cash payments (other than for loan or interest payments) follow.
Prepare a cash budget for October, November, and December. (Negative balances and Loan repayment amounts (if any) should be
indicated with minus sign. Round your final answers to the nearest whole dollar.)
 Foyert Corporation requires a minimum $6,200 cash balance. Loans taken to

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