Ask Question
22 January, 07:32

During september, the capital expenditure budget indicates a $420,000 purchase of equipment. the ending september cash balance from operations is budgeted to be $60,000. the company wants to maintain a minimum cash balance of $30,000. what is the minimum cash loan that must be planned to be borrowed from the bank during september?

+5
Answers (1)
  1. 22 January, 10:25
    0
    The answer is 390000
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “During september, the capital expenditure budget indicates a $420,000 purchase of equipment. the ending september cash balance from ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers