Question: Case 2. (25 points) Here are some important figures from the budget of Wise Corporation for the third quarter of 2020: All credit purchases are

Case 2. (25 points)

Here are some important figures from the budget of Wise Corporation for the third quarter of 2020:

All credit purchases are paid in the following month after the purchase.

  1. a) Using the above information, prepare a cash budget for the company. (15 points)

  2. b) Describe the steps you follow in preparing a cash budget. (10 points)

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