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Question Help S9-13 (similar to) Young Services, Inc., has 18,400 cash on hand on Auguet 1. The company requires a minimum cash balance of 57.100.
Question Help S9-13 (similar to) Young Services, Inc., has 18,400 cash on hand on Auguet 1. The company requires a minimum cash balance of 57.100. Auguet cash collections are 1548.390. Todel Cash paymente Young reed to borrow by the end of August? August are 1978,200. Prepare a caeh budget for August. How much cash, if any, will Complate the cash budget burkow. Use parentheses on a minus sign for negative ending cash balances ar dziciencies.) Young Services, Inc. Combined Cash Budget For the Month Ended August 31 Beginning rash haline 8,400 EUR 190 Plus: Cash collections Total cash avalable 586,790 Lees: Cash paymente 578,200 Encing cash balance betore tnancing 121,40) Minimum cash balance desired 17,100) Cash axcess deficiency) $ 128,510) By the end of August Young
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