If Projected Net Cash Outflow for November Is ($10,000), the Beginning

question 25

Multiple Choice

If projected net cash outflow for November is ($10,000) , the beginning cash balance is $4,000, the minimum cash balance is $3,000, and the beginning loan balance is $8,000, what will be the cumulative loan balance at the end of November?

• A) $14,000
• B) $5,000
• C) $17,000
• D) $22,000

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Definitions:

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Provisions in a contract stating that the written document represents the entire agreement between the parties, negating any oral agreements.

Parol Evidence

The rule that prohibits the use of oral statements or agreements to contradict or vary the terms of a written contract.

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A written contract intended to be the complete and final representation of the parties’ agreement.

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