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  3. a company is preparing its cash budget. its cash b

A company is preparing its cash budget. Its cash balance on January 1 is $290,000,...

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Accounting

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A company is preparing its cash budget. Its cash balance on January 1 is $290,000, and it has a minimum cash requirement of $340,000. The follow data have been provided: January February March Cash receipts $1,061,200 $1,182,400 $1,091,700 Cash payments 984,500 1,210,000 1,075,000 The amount of the deficiency or excess cash (after considering the minimum cash balance required) for January is an) Oa. excess of $356,700 b. excess of $60,000 Oc. deficiency of $136,700 Od. excess of $26,700

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