Midwest Meats has a net cash inflow for the quarter of $2,258.The minimum and beginning cash balance is $500 and the firm has $2,304 in short-term debt.The quarterly interest on the loan is $33.How much does the firm need to borrow or how much can it repay on its loans to have a zero cumulative surplus for the quarter?
A) Borrow and repay $0
B) Borrow $33
C) Repay $2,291
D) Repay $2,225
E) Repay $2,258
Correct Answer:
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