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La Belle Fashion House is preparing its cash budget for the next quarter. The following information is available: Expected Sales (April, May, June): 200,000, 250,000,
La Belle Fashion House is preparing its cash budget for the next quarter. The following information is available:
- Expected Sales (April, May, June): €200,000, €250,000, €300,000
- Cash Collections (60% in the month of sale, 30% in the following month, 10% uncollectible)
- Cash Payments (50% of purchases made in the month of purchase, 50% in the following month)
- Beginning Cash Balance: €50,000
- Desired Ending Cash Balance: €40,000
Prepare a cash budget for La Belle Fashion House for the second quarter.
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