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
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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Raghubhai
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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
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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