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    Cash budget

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    Ledford Corporation has the following information available from various schedules to prepare its cash budget for the June:
    Receipts:

    Sales (terms 2/10, net 30): May $90,000, June $100,000, July $120,000
    Collection pattern: 65% in month of sale, 70% take the discount
    35% in month after sale
    Income from investments: May $500; June $750; July $350
    Disbursements: all expenses are paid for when incurred. Materials are purchased and paid for in the month before they are used.

    Required:
    Prepare the cash budget for June

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    https://brainmass.com/business/cash-budgeting/ledford-corporation-prepare-cash-budget-june-286051

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    Ledford Corporation has the following information available from various schedules to prepare its cash budget for the ...

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    Response discusses the steps to prepare cash budget.

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