Your Firm Has a Net Cash Inflow for the Quarter

question 102

Multiple Choice

Your firm has a net cash inflow for the quarter of $60. The beginning cash balance is $35. Company policy is to maintain a minimum cash balance of $15 and borrow only the amount that is necessary to maintain that balance. How much does your firm need to borrow or how much can it repay on its loans to have a zero cumulative surplus?

• A) borrow $40
• B) borrow $10
• C) repay $10
• D) repay $40
• E) repay $80

---

Definitions:

Homophobia

The fear, hatred, or prejudice against homosexuals or homosexuality.

Homophily

The tendency of individuals to associate and bond with similar others, which can include similarities such as age, gender, social class, and beliefs.

Phinney's Second Stage

Part of Phinney’s model of ethnic identity development, focusing on the exploration of one’s own cultural heritage and values.

Ethnic Identity

A person's sense of belonging or identity in relation to the social, cultural, or national group they identify with.