Your Firm Has a Net Cash Inflow for the Quarter

question 335

Multiple Choice

Your firm has a net cash inflow for the quarter of - $26 (negative) . The beginning cash balance is
$12.Company policy is to maintain a minimum cash balance of $10 and borrow only the amount that is necessary to maintain that balance. How much does your firm need to borrow to have a zero
Cumulative surplus?

• A) $0
• B) $4
• C) $10
• D) $18
• E) $24

---

Definitions:

Personality Traits

Enduring characteristics or behaviors that define an individual's patterns of thinking, feeling, and behaving across various situations.

Humans

Homo sapiens, the species of bipedal primates to which all modern human beings belong, characterized by complex language, social structures, and the ability to use tools.

Five-factor Model

A model proposing that five broad dimensions underlie all human personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Conscientiousness

An attribute in an individual's character that involves being structured, dependable, and possessing a serious dedication to duties.