Your firm has a net cash inflow for the quarter of - $26 (negative) . The beginning cash balance is $12. Company policy is to maintain a minimum cash balance of $10 and borrow only the amount that is necessary to maintain that balance. How much does your firm need to borrow to have a zero cumulative surplus?
A) $0
B) $4
C) $10
D) $18
E) $24
Correct Answer:
Verified
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