month in which they are incurred and the balance in the following month. be made...
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month in which they are incurred and the balance in the following month. be made in October. Bridgeport's regular quarterly dividend of $6,000 is expected to be declared in October and paid in November. Management desires to maintain a minimum cash balance of $48,000. Required: Other purposes: Income tax Dividends Total cash payments Cash increase or (decrease) Plus cash balance at beqinning of month Cash balance at end of month Less minimum cash balance Excess or (deficiency)
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month in which they are incurred and the balance in the following month. be made in October. Bridgeport's regular quarterly dividend of $6,000 is expected to be declared in October and paid in November. Management desires to maintain a minimum cash balance of $48,000. Required: Other purposes: Income tax Dividends Total cash payments Cash increase or (decrease) Plus cash balance at beqinning of month Cash balance at end of month Less minimum cash balance Excess or (deficiency) 