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Jayden's Carryout Stores has eight locations. The firm wishes to expand by two more stores and needs a bank loan to do this. Mrs .
Jayden's Carryout Stores has eight locations. The firm wishes to expand by two more stores and needs a bank loan to do this. Mrs Wilson, the banker, will finance construction if the firm can present an acceptable threemonth financial plan for January through March. The following are actual and forecast sales figures:
tableActualForecast,Additional InformationNovember$January,$April forecast $c Prepare a monthly cash budget with borrowings and repayments for January, February, and March.
Note: Negative amounts should be indicated by a minus sign. Assume the January beginning loan balance is $ Leave no cells blank be certain to enter wherever required.
Answer is complete but not entirely correct.
tableJaydens Carryout StoresCash Budgetnuary,February,,larchTotal cash receipts,$$Total cash payments,,
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