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 $canh balance. Loans taken to meet this nequirement cost interest per moneh pwid at the end of each monthy. Any preliminary cash balance above $ is wied to repar loans at month end. The cait batance on October ls $ and the company has an outstanding loan of $ Oudgeted cash necelpes other than for loans recelved and budgeted cash payments other than for loan or interest payments follow.
tableDeteber,Noventer,DecpuberCash receipts,deCash payments,
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.
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