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(Cllck the icon to vlew additional information about Laughton Auto Parts.) Read the requirements. Requirement 1. Prepare Laughton Auto Parts' cash budget for January and
(Cllck the icon to vlew additional information about Laughton Auto Parts.) Read the requirements. Requirement 1. Prepare Laughton Auto Parts' cash budget for January and February. minus sign when entering a deflclency.) More info Laughton Auto Parts' bank requires a $10,000 minimum balance in the store's checking account. At the end of any month when the account balance falls below $10,000, the bank automatically extends credit to the store in multiples of $1,000. Laughton Auto Parts borrows as little as possible and pays back loans in quarterly installments of S2,000, plus 6% APR interest on the entire unpaid principal. The first payment occurs three months after the loan
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