$25,000. At the end of May, the firm had
A. an excess cash balance of $25,000.
B. an excess cash balance of $0.
C. required financing of $10,000.
D. required financing of $25,000.
Answer:B
$25,000. At the end of May, the firm had
A. an excess cash balance of $25,000. B. an excess cash balance of $0. C. required financing of $10,000. D. required financing of $25,000.