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Brownstein , Inc., expects sales of $ 9 6 comma 0 0 0 during each of the next 3 months. It will make monthly purchases
Brownstein Inc., expects sales of $ comma during each of the next months. It will make monthly purchases of $ comma during this time. Wages and salaries are $ comma per month plus of sales. Brownstein expects to make a tax payment of $ comma in the next month and a $ comma purchase of fixed assets in the second month and to receive $ comma in cash from the sale of an asset in the third month. All sales and purchases are for cash. Beginning cash and the minimum cash balance are assumed to be zero.
a Construct a cash budget for the next months.
b Brownstein is unsure of the sales levels, but all other figures are certain. If the most pessimistic sales figure is $ comma per month and the most optimistic is $ comma per month, what are the monthly minimum and maximum ending cash balances that the firm can expect for each of themonth periods?
c Briefly discuss how the financial manager
Construct a cash budget for the next months.
Complete the Brownstein, Inc.s cash budget for the st month below: Round to the nearest $
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