Unformatted text preview: planned to be invested in July for $200,000. Minimum cash balance is $15,000 and maximum cash balance is $40,000. The borrowing rate is 8% and investing rate is 6% The ending cash balance in May is $20,000 • Use the above information to develop the cash budget for June - September • Compute the minimum required credit line • Use the scenario analysis to show the required credit line if the company can choose for capital outlay in any month between June to September...
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- Spring '11
- Finance, Capital accumulation, cash balance