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A company is preparing its cash budget for the coming month. All sales are on account. Given the following: Beginning Budget Balances Amounts Cash $110,000
A company is preparing its cash budget for the coming month. All sales are on account. Given the following: Beginning Budget Balances Amounts Cash $110,000 190,000 Accounts Receivable Sales $850,000 880,000 30,000 220,000 Cash disbursements Depreciation Ending accounts receivable balance What is the expected cash balance of the company at the end of the coming month? (CIA adapted) Multiple Choice O $88,000. $50,000. O S18,800. $56,000.
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