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The ABC business's April and May months have taken place in 2020, while the remaining sales and purchases are as follows. septembe novembe Decembe (TL)
The ABC business's April and May months have taken place in 2020, while the remaining sales and purchases are as follows. septembe novembe Decembe (TL) April May June July August r october r Sales 250.000 300.000 425.000 550.000 520.000 365.000 400.000 650.000 300.000 purchases 175.000 250.000 500.000 520.000 530.000 260.000 165.000 425.000 875.000 The company makes 15% of its sales in advance, 45% of it collects in 1 month and 40% in 2 months. - 10% of purchases are paid in cash, 55% after 1 month and 35% after 2 months. - Itis assumed that the cash inflows of the business will consist of sales and cash outflows will consist of purchases. As of 31 May 2020, ABC company has 65,000 TL cash balance and 175,000 TL credit debt. It will take care to keep 100.000 TL safe deposit in the operating safe continuously. If the monthly cash balance is below this amount, a loan will be used from Fonbank, and if this amount is higher, the excess will be evaluated in loan repayment. Interest and taxes will be neglected. Arrange the entity's cash budget for the period between June and December 2020
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