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Wish Corporation managers require a minimum monthly cash balance of $25,000. At the beginning of the second quarter of the upcoming year, the cash balance
Wish Corporation managers require a minimum monthly cash balance of $25,000. At the beginning of the second quarter of the upcoming year, the cash balance is $27,000.
Half of the $438,000 in sales from last quarter will be collected during Q2. Expected disbursements are budgeted at $220,000.
What do the managers learn from the cash budget for Q2?
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