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please complete all steps, thank you Avery Company has prepared the following schedules and addifonal information: (Click the icon to view the cash receipts schedule.)
please complete all steps, thank you
Avery Company has prepared the following schedules and addifonal information: (Click the icon to view the cash receipts schedule.) (Cick the icon to view the cash pay. (Click the icon to view the additional information.) Complete a cash budget for Avery Company for January, February and March. (Complete all input parentheses.) Cash Receipts from Customers Accounts Receivable balance, March 31: March - Credit sales, collection of March sales in Aprit $1.040 Avery's beginning cash balance is $4,500 and Avery desires to maintain a minimum ending cash balance of $4,500. Avery borrows cash as needed at the beginning of each month in increments of $1,000 and repays the amounts borrowed in increments of $1,000 at the beginning of months when excess cash is available. The interest rate on amounts borrowed is 14% per year. Interest is paid at the beginning of the month on the outstanding balance from the previous month Step by Step Solution
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