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Cash Budget begin{tabular}{lrrr} & September & October & November hline Sales & $134,000 & $162,000 & $217,000 Manufacturing costs & 56,000 & 70,000
Cash Budget \begin{tabular}{lrrr} & September & October & November \\ \hline Sales & $134,000 & $162,000 & $217,000 \\ Manufacturing costs & 56,000 & 70,000 & 78,000 \\ Selling and administrative & 47,000 & 49,000 & 82,000 \\ expenses & & & \\ Capital expenditures & & 52,000 \end{tabular} the following month. dividend of $9,000 is expected to be declared in October and paid in November. Management desires to maintain a minimum cash balance of $50,000. Required: 1. Prepare a monthly cash budget and supporting schedules for September, October, and November. Assume 360 days per year for interest calculations. 1. Prepare a monthly cash budget and supporting schedules for September, October, and November. Assume 360 days per year forest calcions
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