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    G Enterprises

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    G Enterprises had sales of $50,000 in March and $60,000 in April. Forecast sales for May June and July are $70,000, $80,000 and $100,000 respectively. The firm has a cash balance of $5000 on May 1st and wants to maintain a minimum cash balance of $5000.
    Prepare and interpret a cash budget for May June and July
    1-the firm make 20% of sales for cash
    2- The firm receives $2000 of other income per month
    3- The firm's actual or expected purchases, all made for cash are $50000, $70000, $80000 for the months of May thru July respectively
    4- Rent is $3000 per month
    5- Wages and salaries are 10% of the previous month's sales
    6- Cash dividends of $3000 will be paid in June
    7- Principle and interest $4000 due June
    8- A cash purchase of equipment costs $6000 scheduled in July
    9- Taxes due in June $6000.

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    https://brainmass.com/business/cash-budgeting/enterprises-308340

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    Cash Budget Basic

    G Enterprises had sales of $50,000 in March and $60,000 in April. Forecast sales for May June and July are $70,000, $80,000 and $100,000 respectively. The firm has a ...

    Solution Summary

    This solution is comprised of a detailed explanation to prepare and interpret a cash budget for May June and July (G Enterprises).

    $2.19

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