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Stacey's Landscaping Solutions provides services to landlords and property owners. The following data relates to the expected operations for the three months of October 2022.
Stacey's Landscaping Solutions provides services to landlords and property owners. The following data relates to the expected operations for the three months of October 2022. Additional Information: - Stacey plans to purchase new Equipment in October of $12,000 cash - The old equipment is expected to be sold in November for $4,000 - Salaries paid each month are $8,500 - Administrative costs paid each month are $2,000 - Stacey likes to keep a minimum cash balance of $12,000 each month - The cash balance as at 30 September 2022 was $15000. Required: Prepare a cash budget on a monthly basis for the three months ending December 2022
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