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A company has $15,600 of cash at the beginning of April. For April, the company budgets $80,600 in cash receipts from sales, and $112,600 in
A company has $15,600 of cash at the beginning of April. For April, the company budgets $80,600 in cash receipts from sales, and $112,600 in cash payments. At each month-end, the company takes loans as needed to keep a $5,060 minimum cash balance. The company has no loans outstanding on April 1. Prepare the cash budget for April. Note: Negative cash balances, if any, should be indicated with minus sign
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