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Budgeted sales are expected to be: Other cash expenses and information for the month include A) An open line of credit allows our company to
Budgeted sales are expected to be: Other cash expenses and information for the month include A) An open line of credit allows our company to borrow up to $75,000 per quarter B) We must have a minimum cash balance each month of $40,000 C) All borrowing is done at beginning of month, repayments at end of month D) Interest is paid at 10% per year on all amounts borrowed E) Cash dividends to be paid in April are (cell E187): F) Cash equipment purchases in May (cell E188) and in June (cell F188) G) Cash balance at beginning of April is $60,000 Budgeted sales are expected to be: Other cash expenses and information for the month include A) An open line of credit allows our company to borrow up to $75,000 per quarter B) We must have a minimum cash balance each month of $40,000 C) All borrowing is done at beginning of month, repayments at end of month D) Interest is paid at 10% per year on all amounts borrowed E) Cash dividends to be paid in April are (cell E187): F) Cash equipment purchases in May (cell E188) and in June (cell F188) G) Cash balance at beginning of April is $60,000
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