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Author Question: A company is preparing its cash budget for the first quarter of the year. It has $8,000 in cash at ... (Read 53 times)

Rafic Kaaki

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on: Feb 5, 2023
A company is preparing its cash budget for the first quarter of the year. It has $8,000 in cash at the beginning of the period. Cash sales for the quarter are budgeted at $180,000. Selling and administrative expenses are budgeted at $58,000, which includes $12,000 depreciation. Cash expenses are paid in the month incurred. Cash payment for inventory purchases are budgeted at $135,000. The desired cash balance on March 31 is $10,000. How much financing will the company need during the quarter?
◦ $5,000
◦ $3,000
◦ $0
◦ $7,000
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by Rafic Kaaki on Feb 5, 2023

MistyHubbard

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Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Rafic Kaaki

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Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review

mochi09

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Reply 3 on: Yesterday
Excellent

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