Midwest Meats Has a Net Cash Inflow for the Quarter

question 9

Multiple Choice

Midwest Meats has a net cash inflow for the quarter of $2,258.The minimum and beginning cash balance is $500 and the firm has $2,304 in short-term debt.The quarterly interest on the loan is $33.How much does the firm need to borrow or how much can it repay on its loans to have a zero cumulative surplus for the quarter?

• A)Borrow and repay $0
• B)Borrow $33
• C)Repay $2,291
• D)Repay $2,225
• E)Repay $2,258

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