Only table found Only table found CBT bank has agreed to finance the needs of a

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Only table found Only table found CBT bank has agreed to finance the needs of a stereo wholesaler for the next month. T0 complete the loan agreement, the wholesaler must estimate the cash on hand during the first, 10 days of operation. Daily receipts are normally distributed with a mean of $50,000 and a standard deviation of $12,000. Disbursements are also normally distributed with a mean of $48,000 and a standard deviation of $3,000. Assume that initially there is $75,000 of cash on hand. Construct a simulation table to simulate cash flows for a period of 10 days. Carry out a simulation of 10 days using random numbers from Row 2 of the normally distributed Random Number Table 2 for receipts and Row 3 for disbursements. Based on the simulation, will a short-term loan be needed?

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