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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 623 |
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Each month the company wants to have an ending minimum balance of $5,000. After studying the sales forecast and the master budget, the decision is made to obtain a loan to buy the new fixtures. By borrowing the money to purchase the fixtures, the company is preventing lowering the monthly minimum ending cash balance...
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Each month the company wants to have an ending minimum balance of $5,000. After studying the sales forecast and the master budget, the decision is made to obtain a loan to buy the new fixtures. By borrowing the money to purchase the fixtures, the company is preventing lowering the monthly minimum ending cash balance...
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