. Slim Corp. requires a minimum $8,000 casth balance.If necessary, looans meet this requirement at...
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. Slim Corp. requires a minimum $8,000 casth balance.If necessary, looans meet this requirement at a cost of i % interest per month (paid monthly month's end from any excess cash. The cash balance on July 1 is than for loans received for July, August, and September are forecasted as and $40,000, respectively. Payments other than for loan or interest pay period are planned at $28,000, $30,000, and $32,000, respectively at outstanding loans. necessary, loans are taken to are repai receipts other 400. Cash payments for the same July 1, there are no Required: Prepare a cash budget for July, August, and September
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