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12) Give an example of a business that uses process costing and explain why the business uses this costing method. 13) The management of TechExcel

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12) Give an example of a business that uses process costing and explain why the business uses this costing method. 13) The management of TechExcel Inc, wants to know some items of the business's cashflow in the next six months. At the end of operations on the 31" of December 2019, TechExcel Inc. had the following in the balance sheet. Inventory 33000 Receivables 12000 Cash 12000 Marketable securities 33000 The net cashflow for January 2020 was 9000 and the net cashflow for February 2020 was -10000 Explain how the closing balance for February 2020 can be calculated using the figures and information above

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