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Westex Products is a wholesale distributor of industrial cleaning products. When the treasurer of Westex Products approached the company's bank late in the current year
Westex Products is a wholesale distributor of industrial cleaning products. When the treasurer of Westex Products approached the company's bank late in the current year seeking shortterm financing, he was told that money was very tight and that any borrowing over the next year would have to be supported by a detalled statement of cash collectlons and disbursements. The treasurer also was told that it would be very helpful to the bank If borrowers would indicate the quarters in which they would be needing funds, as well as the amounts that would be needed, and the quarters in which repayments could be made.
Because the treasurer is unsure as to the particular quarters In which bank financing will be needed, he has assembled the following Information to assist in preparing a detalled cash budget:
a Budgeted sales and merchandise purchases for next year, as well as actual sales and purchases for the last quarter of the current year, are:
tabletableCurrent Year:Fourth quarter actualSales,MerchandiseNext year:,$$
Plz answer all reqs so I can thumbs up ans plz Also organize it so I know where the answer goes
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