Baxter Trucking Has a Net Cash Inflow for the Quarter

question 76

Multiple Choice

Baxter Trucking has a net cash inflow for the quarter of $38 including interest,a beginning cash balance of $22,and a beginning loan balance of $45.Company policy is to maintain a minimum cash balance of $20.What is the minimum amount the firm must borrow or can repay to end the month with a zero cumulative surplus?

• A)Borrow $4
• B)Borrow $9
• C)Repay $36
• D)Repay $422
• E)Repay $40

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Definitions:

Genes

Units of heredity made up of DNA that encode the information necessary to build and maintain an organism's cells and pass traits to offspring.

Nucleus

The central and most important part of an object, movement, or group, forming the basis for its activity and growth; in cells, it is the organelle that houses the cell's DNA.

Aldosterone

A steroid hormone produced by the adrenal glands that helps regulate the balance of salt and water in the body.

Sodium

A chemical element with the symbol Na, essential for human health but requiring regulation in the body due to its role in fluid balance and blood pressure.