Question: Can someone solve this? Problem 14-20 Preparing a cash budget Kinnion Medical Clinic has budgeted the following cash flows March January $100,000 February S106,000 $125,000

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Problem 14-20 Preparing a cash budget Kinnion Medical Clinic has budgeted the following cash flows March January $100,000 February S106,000 $125,000 Cash receipts Cash payments For inventory purchases For S&A expenses 90,000 31,000 72,000 32,000 85,000 27,000 pays its Kinnion Medical had a cash balance of $8.000 on January 1. The company desires to main- tain a cash cushion of $5,000. Funds are assumed to be borrowed, in increments of $1.000, and repaid on the last day of each month; the interest rate is 1 percent per month. Kinnion vendor on the last day of the month also. The company had a monthly $40,000 beginning bal ance in its line of credit liability account from this year's quarterly results. Required Prepare a cash budget. (Round all computations to the nearest whole dollar.) ...leitenendurefe

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