Question ID: ICMA 10.P1.077 (Topic: Budgeting Calculation Questions)
- This topic has 1 reply, 2 voices, and was last updated 1 week, 3 days ago by Lynn Roden.
In this question we need to find out the required short term borrowings in the end of february
That can be calculated by expected collection +available cash – expected payment
my question is , the amount borrowed at the end of january to maintain the minimum balance need to paid out in february or no?
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