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Stone Temple Pilots Incorporated makes and sells a single product. Each unit sells for $24.00 and has a unit variable cost of $18. The company
Stone Temple Pilots Incorporated makes and sells a single product. Each unit sells for $24.00 and has a unit variable cost of $18. The company has budgeted the following data for November Sales of $1,152,000, all in CASH. A cash balance on November 1 of $48,000. Cash disbursements during November of $1,194,500. A minimum cash balance on November 30 of $20,000. If necessary, the company will borrow cash from a bank. The borrowing will be in multiples of $1,000 Complete the November Cash Budget for Stone Temple Pilots. November Cash balance, beginning Cash collections from customers Total cash available Total cash disbursements Excess
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