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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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This note was uploaded on 01/11/2012 for the course FINANCE fin 3701 taught by Professor Tengihla during the Spring '11 term at Assumption College.
- Spring '11