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A company is preparing its cash budget for the first quarter of the year. It has $ 1 0 5 0 in cash at the
A company is preparing its cash budget for the first quarter of the year. It has $ in cash at the beginning of the period. Cash sales for the quarter are budgeted at $ Selling and administrative expenses are budgeted at $ which includes $ depreciation. Cash expenses are paid in the month incurred. Cash payment for inventory purchases are budgeted at $ The desired cash balance on March is $ How much financing will the company need during the quarter?
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