The beginning cash balance of Arizona Corp. is P700,000. It foresees the following cashflows for the month: (A) Collections from customers - P1,000,000, (B) Payments to suppliers - P550,000, (C) Other operating cash expenses - P50,000, (D) Payments to creditors - P50,000 and (E) collection of a receivable from an officer - P80,000. If Arizona needs to have a month-end balance of P1,000,000, how much should it borrow or (invest)? * (P130,000) P110,000 (P110,000) P130,000
The beginning cash balance of Arizona Corp. is P700,000. It foresees the following cashflows for the month: (A) Collections from customers - P1,000,000, (B) Payments to suppliers - P550,000, (C) Other operating cash expenses - P50,000, (D) Payments to creditors - P50,000 and (E) collection of a receivable from an officer - P80,000. If Arizona needs to have a month-end balance of P1,000,000, how much should it borrow or (invest)? * (P130,000) P110,000 (P110,000) P130,000
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
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The beginning cash balance of Arizona Corp. is P700,000. It foresees the following cashflows for the month: (A) Collections from customers - P1,000,000, (B) Payments to suppliers - P550,000, (C) Other operating cash expenses - P50,000, (D) Payments to creditors - P50,000 and (E) collection of a receivable from an officer - P80,000. If Arizona needs to have a month-end balance of P1,000,000, how much should it borrow or (invest)? *
(P130,000)
P110,000
(P110,000)
P130,000
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