188k views
5 votes
abc company prepared a cash budget for the month. the company has outstanding loans and desires a minimum cash balance of $10,000. if the company has a preliminary cash balance of $25,000, the company should: multiple choice question. do nothing, since the balance meets the desired minimum level use $25,000 to acquire short-term investments use $15,000 to repay loans

User Kurohige
by
8.1k points

1 Answer

7 votes

Answer:use 15000 to repay loans

Explanatio

User Tenaya
by
8.1k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories