In October, a firm had an ending cash balance of $35,000. In November, the firm had a net cash flow of $40,000. The minimum cash balance required by the firm is $25,000. At the end of November, the firm had
A. an excess cash balance of $50,000.
B. an excess cash balance of $75,000.
C. required total financing of $15,000.
D. required total financing of $5,000.
Answer:A
In October, a firm had an ending cash balance of $35,000. In November, the firm had a net cash flow of $40,000. The minimum cash balance required by the firm is $25,000. At the end of November, the firm had
A. an excess cash balance of $50,000. B. an excess cash balance of $75,000. C. required total financing of $15,000. D. required total financing of $5,000.