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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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