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Exercise 9-45
Cash Budget
Links to learning objectives referenced by this question can be accessed in the “Additional Resources” drop-down menu above.
The owner of a small mining supply company has requested a cash budget for June. After examining the records of the company, you find the following:
The owner also tells you that he expects cash sales of $19,500 and credit sales of $52,000 for June. No minimum cash balance is required. The owner of the company doesn’t have access to short-term loans.
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