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Business, 26.02.2020 21:04 mathman783

Buster's had a beginning cash balance of $2,780 for the quarter. During the quarter, the firm had cash collections of $41,309, wages and other cash expenses of $18,800, payments on account of $21,308, and dividends paid of $1,200. The beginning short-term debt is $6,800 with a quarterly interest rate of 2 percent. The firm just adopted a new policy which sets the minimum cash balance at $600. At quarter end, the cumulative surplus (deficit) is and the ending short-term debt is .

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Buster's had a beginning cash balance of $2,780 for the quarter. During the quarter, the firm had ca...

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