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Cash Management and Debt Financing The cash management goal is to keep the cash balance...

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Accounting

Cash Management and Debt Financing The cash management goal is to keep the cash balance above $15,000 at the end of each quarter. The company will utilize the line of credit at 2% of annual interest up to $4,000,000 to meet the cash balance target. Assume that the borrowing occurs at the end of the quarter. Interest payments occur at the end of the quarter

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