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Martinez, Inc. has budgeted sales revenues as follows: of purchase and 50% paid in the month following purchase. Budgeted inventory purchases are as follows: is
Martinez, Inc. has budgeted sales revenues as follows: of purchase and 50% paid in the month following purchase. Budgeted inventory purchases are as follows: is repaid in months when there is an excess cash balance. The beginning cash balance on July 1 was $50,000. Assume that borrowed money in this case is for one month. (b) The parts of this question must be completed in order. This part will be available when you complete the part above
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