Midwest Meats Has a Net Cash Inflow,excluding Long-Term Financing Expenses,for

question 10

Multiple Choice

Midwest Meats has a net cash inflow,excluding long-term financing expenses,for the quarter of $248.The minimum and beginning cash balance is $300,and the firm has $2,300 in short-term debt.The quarterly interest on the loan is $37.How much does the firm need to borrow or how much can it repay on its loans to have a zero cumulative surplus for the quarter?

• A)Repay $89
• B)Borrow and repay $0
• C)Repay $211
• D)Borrow $89
• E)Repay $164