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The president of the retailer Prime Products has just approached the companys bank with...

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Question

Accounting

The president of the retailer Prime Products has just approached
the companys bank with a request for a $55,000,90-day loan. The
purpose of the loan is to assist the company in acquiring
inventories. Because the company has had some difficulty in paying
off its loans in the past, the loan officer has asked for a cash
budget to help determine whether the loan should be made. The
following data are available for the months April through June,
during which the loan will be used:
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