Question

Given the following information, complete the cash budget:
a. Collections occur one month after the sale.
b. January’s credit sales were $80,000.
c. The firm has a certificate of deposit for $40,000 that matures in
April.
d. Salaries are $145,000 a month.
e. The monthly mortgage payment is $25,000.
f. Monthly depreciation is $20,000.
g. Property tax of $35,000 is due in February.


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  • CreatedMarch 19, 2015
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