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Westlake Inc. is preparing its cash budget for the first two months of the year. The following information is provided. *Assume payments are made in
Westlake Inc. is preparing its cash budget for the first two months of the year. The following information is provided. *Assume payments are made in the month incurred Westlake Inc. has an open line of credit. The company wants to keep a minimum cash balance of $40,000. On January 1 , it had a cash balance of $50,000. Prepare a cash budget for January and February and total for the two months ( 15 marks)
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