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Monica's Mantles expects to sell 22,000 mantles for $125 each next year. The cost for each unit will be $50. Opening inventory will be 2,500
Monica's Mantles expects to sell 22,000 mantles for $125 each next year. The cost for each unit will be $50. Opening inventory will be 2,500 mantles, and closing inventory will be 2,300 mantles. Expenses will be $1,300,000 (including amortization of $100,000). Ignore any changes in working capital. Budgeted cash inflow for the year will be *
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