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Calculate the Cumulative loan balance for the month of July. The desired minimum required cash balance is $75,000. Balance at the begining of January is $80,000. (Just write the numbers. Do not use any punctuation marks or $ sign) June August Cash Budget Total cash receipts Total cash payments Net cash flow Beginning cash balance Cumulative cash balance Monthly loan or (repayment) Cumulative loan balance Ending cash balance July $165,600 $270,800 246,000 268,000 -80,400 80,000 -400 75,400 75,400 $75,000 2,800 75,000 77,800 ? $75,000 $305,200 295,300 9,900 75,000 84,900 -9,900 62,700 $75,000

Calculate the Cumulative loan balance for the month of July. The desired minimum required cash balance is $75,000. Balance at the begining of January is $80,000. (Just write the numbers. Do not use any punctuation marks or $ sign) June August Cash Budget Total cash receipts Total cash payments Net cash flow Beginning cash balance Cumulative cash balance Monthly loan or (repayment) Cumulative loan balance Ending cash balance July $165,600 $270,800 246,000 268,000 -80,400 80,000 -400 75,400 75,400 $75,000 2,800 75,000 77,800 ? $75,000 $305,200 295,300 9,900 75,000 84,900 -9,900 62,700 $75,000

Essentials Of Investments
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
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27 Calculate the Cumulative loan balance for the month of July. The desired minimum required cash balance is $75,000. Balance at the begining of January is $80,000. (Just write the numbers. Do not use any punctuation marks or $ sign) June August Cash Budget Total cash receipts Total cash payments Net cash flow Beginning cash balance Cumulative cash balance Monthly loan or (repayment) Cumulative loan balance Ending cash balance Numeric Response July $165,600 $270,800 $305,200 246,000 268,000 295.300 -80,400 80,000 -400 75,400 75,400 $75,000 2,800 75,000 77,800 ? $75,000 9,900 75.000 84,900 -9,900 62,700 $75,000
Transcribed Image Text:27 Calculate the Cumulative loan balance for the month of July. The desired minimum required cash balance is $75,000. Balance at the begining of January is $80,000. (Just write the numbers. Do not use any punctuation marks or $ sign) June August Cash Budget Total cash receipts Total cash payments Net cash flow Beginning cash balance Cumulative cash balance Monthly loan or (repayment) Cumulative loan balance Ending cash balance Numeric Response July $165,600 $270,800 $305,200 246,000 268,000 295.300 -80,400 80,000 -400 75,400 75,400 $75,000 2,800 75,000 77,800 ? $75,000 9,900 75.000 84,900 -9,900 62,700 $75,000
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