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Company X plans to start a business on 01/04/2022 making and selling tables. The budget details are as follows: The budgeted sales for the first

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Company X plans to start a business on 01/04/2022 making and selling tables. The budget details are as follows: The budgeted sales for the first three months of activity are expected to be 200,000. It is expected that 40% of the total sales will be achieved in April, 20% of the total sales will be achieved in May and the reminder in June. Customers pay in cash on the same month the receipts are generated. Company X pays 2,500 in salaries every month. Company Xpays a rent of 1,000 every month (starting in April) with an initial deposit of 2,000. The opening cash balance on April 2022 is expected to be 40,000. Considering the cash budget, which of the following statements is true? Select one: O a. Opening balance on May 2022 is 151,000. O b. None of the answers is true. O c.Net cash flow on June 2022 is 40,000. O d. Closing balance on April 2022 is 114,500

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