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14-23 (Static) Cash budget LO 14-7 The monthly cash budgets for the first quarter of 2022 follow ($000 omitted) for Tuscano Manufacturing Company. A minimum
14-23 (Static) Cash budget LO 14-7 The monthly cash budgets for the first quarter of 2022 follow ($000 omitted) for Tuscano Manufacturing Company. A minimum cash balance of $15,000 is required to start each month, and a $50,000 line of credit has been arranged with a local bank at a 16% interest rate. Required: Calculate the missing amounts. (Hint: The total cash available includes collections from customers for all three months, plus the beginning cash balance from January 1, 2022.) Note: Enter your answers in thousands. (i.e., 20,000 should be entered as 20)
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