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Isenberg Company started operations in February Year 1. The company budgeted the following transactions for February Year 1: Sales $200.000 Cash Operating Expenses 95,000 Cash

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Isenberg Company started operations in February Year 1. The company budgeted the following transactions for February Year 1: Sales $200.000 Cash Operating Expenses 95,000 Cash Purchases of investments 100,000 Depreciation on Operating Assets 15,000 The beginning cash balance is $45,000. Sales are on account and 80% of sales on account is collected in the month of sale. The company desires to have a $30,000 ending cash balance. Before considering any additional borrowings or repayments of loans February, what would be the cash balance? $30,000 ($5,000) 550.000 $10.000 (535,000)

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