The accountant for Jean's Dress Shop prepared the following cash budget. Jean's desires to maintain a cash

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The accountant for Jean's Dress Shop prepared the following cash budget. Jean's desires to maintain a cash cushion of $10,000 at the end of each month. Funds are assumed to be borrowed and repaid on the last day of each month. Interest is charged at the rate of 1 percent per month.
The accountant for Jean's Dress Shop prepared the following cash

Required
a. Complete the cash budget by filling in the missing amounts. Round all computations to the nearest whole dollar.
b. Determine the amount of net cash flows from operating activities Jean's will report on the third quarter pro forma statement of cash flows.
c. Determine the amount of net cash flows from financing activities Jean's will report on the third quarter pro forma statement of cash flows.

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Related Book For  book-img-for-question

Fundamental Managerial Accounting Concepts

ISBN: 978-1259569197

8th edition

Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Olds

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