If Projected Net Cash Outflow for November Is ($10,000), the Beginning

question 25

Multiple Choice

If projected net cash outflow for November is ($10,000) , the beginning cash balance is $4,000, the minimum cash balance is $3,000, and the beginning loan balance is $8,000, what will be the cumulative loan balance at the end of November?

• A) $14,000
• B) $5,000
• C) $17,000
• D) $22,000

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