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During september, the capital expenditure budget indicates a $420,000 purchase of equipment. the ending september cash balance from operations is budgeted to be $60,000. the company wants to maintain a
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During september, the capital expenditure budget indicates a $420,000 purchase of equipment. the ending september cash balance from operations is budgeted to be $60,000. the company wants to maintain a minimum cash balance of $30,000. what is the minimum cash loan that must be planned to be borrowed from the bank during september?

User Sean Gough
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The answer is 390000
User Purecharger
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