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A company is preparing its cash budget for the coming month. All sales are on account. Given the following: Budget Amounts Beginning Balances $122,000 192,000
A company is preparing its cash budget for the coming month. All sales are on account. Given the following: Budget Amounts Beginning Balances $122,000 192,000 Cash Accounts Receivable Sales Cash disbursements Depreciation Ending accounts receivable balance $860,000 900,000 31,000 222,000 What is the expected cash balance of the company at the end of the coming month? (CIA adapted) Multiple Choice $59,000. $19,500. O O $91,000. $52,000
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