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Exercise 20-21(Algo) Cash budget LO P2 Fiopert Corporation requies a mirimum...

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Accounting

Exercise 20-21(Algo) Cash budget LO P2
Fiopert Corporation requies a mirimum 56:100 cash belance Loans taken to meet this requirement cost 25 interest per month ipaici at the end of each manth? Any preiliminary cash baiance above $6,100 is used to repay loans at munth-end. The cash balance on Octaber 1 is $6.000 and the compary has an outsranding loan of $2.100 Budgeted cash receipts (other than for loans received) and burigeted cash payments (ather than for loan or interest payments) follow
\table[[,Octeber,Hoventer,Decentar],[\table[[Cash receipts],[Cash peyments]],&-32,10.,$76,10s,$28,160
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