Your company collected $340.00 million and spent $381.00 million this month. If previous month's cash position (cumulative cash) is $14.31 million and your company target cash position is $20.00 million. What's your company's cash surplus/shortage at the end of this month, with positive number indicates a surplus and negative number indicates a shortage? Note: your answer should be in millions of dollars

Your company collected $340.00 million and spent $381.00 million this month. If previous month's cash position (cumulative cash) is $14.31 million and your company target cash position is $20.00 million. What's your company's cash surplus/shortage at the end of this month, with positive number indicates a surplus and negative number indicates a shortage? Note: your answer should be in millions of dollars

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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