Azul Corporation requires a minimum $ cash balance. Loans taken to meet this requirement cost interest per month paid at the end of each month Any preliminary cash balance above $ is used to repay loans at monthend. The cash balance on October is $ and the company has an outstanding loan of $ Budgeted cash receipts other than for loans received and budgeted cash payments other than for loan or interest payments follow.
October November December
Cash receipts $$$
Cash payments
Create a cash budget for October, November, December and the quarter.
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