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Charley's South Shore Crab House expects to have $100 in cash on hand at the beginning of May, and the company's target cash balance is $100. Net...

Charley's South Shore Crab House expects to have $100 in cash on hand at the beginning of May, and the company's target cash balance is $100. Net cash flow for May is minus $300. Assuming that Charley borrows to meet short term cash needs and pays back as soon as surplus cash is available, what will the company's ending cash balance after financing be at the end of May? (Note: no loans are outstanding at the beginning of May)

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Question:Charley's South Shore Crab House expects to have $100 in cash on hand at the beginning of
May, and the company's target cash balance is $100. Net cash flow for May is minus $300.
Assuming...

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