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Cash budget?Basic Grenoble Enterprises had sales...

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Question

Cash budget?Basic Grenoble Enterprises had sales of $50,000 in March and $60,000 in April. Forecast sales for May, June, and July are $70,000, $80,000, and $100,000, respectively. The firm has a cash balance of $5,000 on May 1 and wishes to maintain a minimum cash balance of $5,000. Given the following data, prepare and interpret a cash budget for the months of May, June, and july.

 

Paper#2669 | Written in 18-Jul-2015

Price : $25
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