Jerry and Gloria Collins expect the following cash surpluses or deficits the first three months of the year.

Their revolving savings fund should be at least

Question

Jerry and Gloria Collins expect the following cash surpluses or deficits the first three months of the year.
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Their revolving savings fund should be at least

Quizplus · Accepted Answer

To determine the minimum balance they should keep in their revolving savings fund, we need to look at the largest expected deficit, which is in February at -$350. Therefore, the minimum balance they should keep in their savings fund is $350. Option C is the closest to this amount, so it is the best choice. Option A is not enough, B is closer but still not enough, and D is too much.

Jerry and Gloria Collins Expect the Following Cash Surpluses or Deficits