Question: #1526
Week 3 Individual Assignment
| Interest on Short-Term | |||||
| Borrowing | |||||
| Total Disbursements | 102 000 | 111 000 | 196 500 | ||
| Net Monthly Change | $78 000 | $7 500 | ($84 000) | ||
| Beginning Cash Balance | 22 000 | 100 000 | 107 500 | ||
| Additional Financing | |||||
| Needed (Repayment) | |||||
| Ending Cash Balance | $100 000 | $107 500 | $23 500 | ||
| Cumulative Borrowing | 0 | 0 | 0 | ||
| The firm will definitely have ample cash to repay the $200,000 note payable due in July. The firm should have $222,009 in cash by the end of that month. | |||||
| 5-1A. (Compound interest) To what amount will the following investments accumulate??? | |||||
Solution: #1508
Week 3 - Individual Assignment
Interest on Short-Term Borrowing Total Disbursements 102 000 111 000 196 500 Net Monthly Change $78 000 $7 500 ($84 00...
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