sixty five percent of sales on credit On the basis of past e

sixty five percent of sales on credit. On the basis of past experience, 50 % of the accounts receivable are collected the month after the sale and the remainder are collected two months after the sale. Purchases are paid 30 days after they are incurred. the firm had a cash balance of $5,000 as of september 30, and its minimum required cash balance is $4,000. It has no beginning loan balance. Prepare a cash budget for October, November and december

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