Question: Foyert Corporation requires a minimum $ 6 . 5 0 0 canh balance. Loans taken to meet this nequirement cost 2 % interest per moneh

Foyert Corporation requires a minimum $6.500canh balance. Loans taken to meet this nequirement cost 2% interest per moneh (pwid at the end of each monthy. Any preliminary cash balance above $6.500 is wied to repar loans at month end. The cait batance on October t ls $5,500, and the company has an outstanding loan of $2.500. Oudgeted cash necelpes (other than for loans recelved) and budgeted cash payments (other than for loan or interest payments) follow.
\table[[,Deteber,Noventer,Decpuber],[Cash receipts,532.546,%45,5de,424.564],[Cash payments,24.354,15,50%,15,560]]
Prepare a cais budget for October, November, and December
Note: Nepative balances and Loan repayment amoumts of anyl) whould be indicated with minus sign. Aound your final andwers to the nearest whele dollise.
Foyert Corporation requires a minimum $ 6 . 5 0 0

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