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Cash Budget The controller of Bridgeport Housewares Inc. instructs you to prepare a monthly cash budget for the next three months. You are presented with
Cash Budget The controller of Bridgeport Housewares Inc. instructs you to prepare a monthly cash budget for the next three months. You are presented with the following budget information: September October November Sales $118,000 $139,000 $197,000 Manufacturing costs 50,000 60,000 71,000 Selling and administrative expenses 41,000 42,000 75,000 Capital expenditures _ _ 47,000 The company expects to sell about 10% of its merchandise for cash. Of sales on account, 70% are expected t
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