A Firm Has a Minimum Desired Cash Balance of $10,000

question 139

Multiple Choice

A firm has a minimum desired cash balance of $10,000.Any cash shortfalls will be made up with short-term financing.The net cash flow for January is $3,000 and the beginning balance for that month is $5,000: The cash balance for the beginning of February will be:

• A)-$2,000
• B)$10,000
• C)$3,000
• D)cannot determine from this information

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Psychoanalysis

A psychological theory and therapy that aims to treat mental disorders by investigating the interaction of conscious and unconscious elements in the mind.