A firm wants to maintain a 20000 cash balance in their, Ask an Expert

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A firm wants to maintain a $20,000 cash balance. In their worst month of the year, the net change in cash shows that they will be short $42,750, which will be offset by a beginning cash balance of $12,650. What amount should the firm finance that month?

$42,750

$62,750

$50,100

$32,650

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92167293

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