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please help!! Prepare Cash Budget For 3 Months Windsor Corporation expects...

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Accounting

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Prepare Cash Budget For 3 Months Windsor Corporation expects the following cash receipts and distarsements during the first quarter of 2016 (recelpts exclude new borrowings and disbursements exclude interest payments on borrowings since january 1, 2016) The expected cash balance at january 1, 2016, is 585,000 . Windsor wants to maintain a cash balance at the end of each month of at least 570 ,000. Short-term borrowings at 1% interest per month will be used to accomplish this, if necessary. Borrowings (in muliples of 51,000 ) will be made at the begining of the month in which they are needed, with interest for that month paid at the end of the month. Prepare a cash budget for the quarter ended March 31,2016

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