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Prepare a cash budget for Google for the first quarter of 2024. Google expects the following cash inflows and outflows during the quarter: Sales Revenue:
Prepare a cash budget for Google for the first quarter of 2024. Google expects the following cash inflows and outflows during the quarter: Sales Revenue: $10 billion; Purchases of Equipment: $2 billion; Operating Expenses: $3 billion; Interest Payments: $500 million; Tax Payments: $1 billion. Assume a beginning cash balance of $5 billion.
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