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Prepare a budgeted balance sheet for a company for the next quarter based on the following information: Cash $50,000, Accounts receivable $100,000, Inventory $150,000, Accounts
Prepare a budgeted balance sheet for a company for the next quarter based on the following information: Cash $50,000, Accounts receivable $100,000, Inventory $150,000, Accounts payable $80,000, Owner's equity $220,000. Discuss how budgeted balance sheets can help companies forecast their financial positions, identify potential financing needs, and manage working capital effectively.
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