jordandabrat
28.02.2020 •
Mathematics
Toni's has a net cash inflow, excluding long-term financing expenses, for the quarter of $418.02. The beginning cash balance is $187.40. The firm has $546 in short-term debt with a quarterly interest rate of 1.2 percent. New company policy is to maintain a minimum cash balance of $140. How much does the firm need to borrow or how much can it repay on its loan to have a zero cumulative surplus for the quarter
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Ответ:
The answer & explanation for this question is given in the attachment below.
Ответ:
= 4.8 × 10^-2 (rounded)
Step-by-step explanation:
4 inches / 7 = 0.047619 ft/day
convert to Scientific notation
= 4.7619 × 10-2
(scientific notation)
= 4.7619e-2
(scientific e notation)
= 47.619 × 10-3
(engineering notation)
(thousandth; prefix milli- (m))
= 0.047619
(real number)