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Patricks Retait Company is planning a cash budget for the nent three months. Estimated sales revenue is as follows: Alsales are on credit; 75% is

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Patricks Retait Company is planning a cash budget for the nent three months. Estimated sales revenue is as follows: Alsales are on credit; 75% is coliected during the month of sale; and 25 w is collected during the next month cost of goods sold is 70is of sales. Poyments for meichandise sold are made in the month following the month of sale. Operating expenses total $125,000 per month and are pad during the morsh incurred. The cash balance on February is estimuted to be 555,000 Prepare monthly cash budgets for February, March, and April, Use negative signs only with beginning and ending cash balances, when appropriate. Do not use negative signs with disbursement answers

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