4 [Question text] Adudu Holding has a beginning cash balance for the quarter of RM1,213. The store has a policy of maintaining a minimum cash balance of RM1,000 and is willing to borrow funds as needed to maintain that balance. Currently, the firm has a loan balance of RM410. How much will the store borrow or repay if the net cash flow for the quarter is −RM260? Select one: A. Repay RM47 B. Borrow RM26 C. Repay RM26 D. Borrow RM47
4 [Question text] Adudu Holding has a beginning cash balance for the quarter of RM1,213. The store has a policy of maintaining a minimum cash balance of RM1,000 and is willing to borrow funds as needed to maintain that balance. Currently, the firm has a loan balance of RM410. How much will the store borrow or repay if the net cash flow for the quarter is −RM260? Select one: A. Repay RM47 B. Borrow RM26 C. Repay RM26 D. Borrow RM47
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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24
[Question text] Adudu Holding has a beginning cash balance for the quarter of RM1,213. The store has a policy of maintaining a minimum cash balance of RM1,000 and is willing to borrow funds as needed to maintain that balance. Currently, the firm has a loan balance of RM410. How much will the store borrow or repay if the net cash flow for the quarter is −RM260?
Select one:
A. Repay RM47
B. Borrow RM26
C. Repay RM26
D. Borrow RM47
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