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Question
Great Skot expects to have cash receipts in June of $532,160. Skot's cash disbursements in June are $581,720, including an interest payment on a bond issue of $32,000. If Skot wishes to maintain a cash balance of $40,000, how much will Skot have to borrow if it started the month with a cash balance of $52,000?a. Surplus of $2,440. Will not have to borrow
b. Surplus of $34,440. Will not have to borrow
c. $5,560
d. $37,560
Answer
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Related questions
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Q:
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Q:
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Q:
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Q:
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Q:
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b. relevant information is readily available for individuals and is costless to obtain
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d. All of these answers are correct.
Q:
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b. the value of the firm is independent of its capital structure in perfect capital markets with no income taxes
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Q:
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Q:
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a. $0.71
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d. $3.33