Business
Business, 29.10.2019 02:31, bsimon0129

Gs cookie co. forecasts cash receipts for january and february of $18,000 and $20,000, with cash payments of $6,000 and $8,000, respectively. gs cookie's cash balance at the beginning of january was $5,000, a level that it attempts to maintain. at the beginning of the year, gs cookie has a $15,000 balance outstanding on its line of credit at the local bank. based on its cash budget, how much of the line of credit can gs cookie repay in january and february combined?

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Gs cookie co. forecasts cash receipts for january and february of $18,000 and $20,000, with cash pay...

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