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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. I 1st QTR 2nd QTR 3rd QTR 4th QTR Cash Balance, Beginning 40 10 Add: Payments from Customers 69 67 81 Total Cash Available 84 91 Less Disbursements: Purchase of inventory 31 40 44 Operating Expenses 39 20 25 Equipment Purchases o 5 20 Dividends 0 6 0 6 Total Disbursements 70 75 Cash Available before Financing 2 25 (5) Net Financing 15 Cash Balance, Ending 10 10 10 el
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