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The president of the retailer Prime Products has just approached the company's bank with a request for a $30,000, 90-day loan.

The president of the retailer Prime Products has just approached the company’s bank with a request
for a $30,000, 90-day loan. The purpose of the loan is to assist the company in acquiring invento-
ries. Because the company has had some diffi culty in paying off its loans in the past, the loan of-
fi cer has asked for a cash budget to help determine whether the loan should be made. The following
data are available for the months April through June, during which the loan will be used:

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