Business, 17.12.2019 00:31 algahimnada

Johnson's tree farm has a cash balance of $33 and a short-term loan balance of $200 at the beginning of quarter 1. the net cash inflow for the first quarter is $89 and for the second quarter there is a net cash outflow of $44. all cash shortfalls are funded with short-term debt. the firm pays 2 percent of its prior quarter's ending loan balance as interest each quarter. the minimum cash balance is $25. what is the short-term loan balance at the end of the first quarter

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Johnson's tree farm has a cash balance of $33 and a short-term loan balance of $200 at the beginning...

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