Your Firm Has a Net Cash Inflow for the Quarter

question 78

Multiple Choice

Your firm has a net cash inflow for the quarter of $80.The beginning cash balance is $40.Company policy is to maintain a minimum cash balance of $22 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 $70
• B)Borrow $40
• C)Repay $22
• D)Repay $98
• E)Repay $108

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