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Prepare a quarterly capital expenditure budget Prepare a quarterly cash budget (Hint: Merchandising companies have merchandise purchases rather than direct materials purchases. Merchandising companies do
- Prepare a quarterly capital expenditure budget
- Prepare a quarterly cash budget (Hint: Merchandising companies have merchandise purchases rather than direct materials purchases. Merchandising companies do not have direct labor or manufacturing overhead.)
- Prepare a budgeted balance sheet at December 31 . (Hint: merchandising companies have merchandise inventory rather than raw materials inventory or finished goods inventory.)
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