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Q5: Background information for Better Land. MR FER From the information provided by Better Land below, prepare a cash payments budget for the quarter ended

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Q5: Background information for Better Land. MR FER From the information provided by Better Land below, prepare a cash payments budget for the quarter ended 31 December (no GST). Expected purchases for the budget period are: Expected purchases for the budget period are: October November December $6,500 12 000 15,000 Cash expenses to be incurred during the period: Rent, $6,600 per month Wages, $8,500 in October and November and $14,000 in December Marketing expenses $2,200 in October, increasing to $3,600 in November and December. Administration and general expenses $5,200 per month. Financial expenses $420 per month. Other information: Inventory purchases are paid forin the month following purchase. The balance of Accounts Payable on September 30 is $4,840

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