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Assignment help 2637

Based on the information below, prepare Slowinski’s cash budget for the upcoming year.  The cash balance at the beginning of the year is $46,400.  The minimum cash balance according to management is $100,000.

Collections from customers      $999,400

Cash paid for operating expenses $360,000

Interest on investments   $12,000

Sale of machinery for cash $45,000

Purchase of inventory for cash $407,000

Payment of interest expense  $14,000

Payment for land   $75,000

Payment of long-term debt $23,000

Based on the information below, prepare Slowinski’s cash budget for the upcoming year. The cash balance at the beginninCash BudgetBegining Cash BalanceCash RecieptCollections from customers…

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