a cash budget for the critical period around Christmas, when needs will be especially high. which is insignificant because Koehl keeps only a small amount

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a cash budget for the critical period around Christmas, when needs will be especially high. which is insignificant because Koehl keeps only a small amount on hand in order to lessen the chances of robbery.) The estimated sales and purchases for December, January, and February are shown below. Purchases during November amounted to $130,000. 5

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