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Booth has $ 1 2 , 5 0 0 in cash on hand on January 1 and has collected the following budget data: ( Click
Booth has $ in cash on hand on January and has collected the following budget data:
Click on the icon to view the budget data. borrow cash by the end of February?
tableCash BudgetTwo Months Ended January and February Beginning cash balanceCash receiptsCash availableCash payments:Purchases of direct materialsDirect laborManufacturing overheadSelling and administrative expensesTotal cash paymentsEnding cash balance before fiMinimum cash balance desiredProjected cash excess defi ciencyFinancing:BorrowingPrincipal repaymentsTotal effects of financingEnding cash balance
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