Using the following information, determine how much external funding will be necessary during the coming period (ifany).
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Collections from customers Minimum cash balance desired Direct labor expense Cash balance, beginning. Manufacturing overhead expense Income tax expense. Selling and administrative expenses. Direct materials expense $104,300 25,000 24,350 $22,750 21,680 54,140 43,200 32,000
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The company must obtain 54820 in external funding as shown below Receipts Collections from cus...View the full answer
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Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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