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6. Fill in the blank amounts in this cash budget. The company requires a minimum cash balance of 10 to start a quarter. This problem

6. Fill in the blank amounts in this cash budget. The company requires a minimum cash balance of 10 to start a quarter. This problem ignores interest income or expense. (15 PTS) 1st 2nd QTR QTR 3rd QTR 4th QTR Cash Balance, Beginning 25 10 Add: Payments from Customers 69 67 81 Total Cash Available 84 91 Less Disbursements: Purchase of inventory 31 30 30 Operating Expenses 39 99 20 20 40 20 Equipment Purchases 0 10 10 20 20 Dividends 0 5 0 5 Total Disbursements 70 75 Cash Available before Financing 2 25 (3) Net Financing 13 Cash Balance, Ending 10 10 10

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