Use the following information: a. Beginning cash balance on March 1, $95,000 b. Cash receipts...
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Accounting
Use the following information: a. Beginning cash balance on March 1, $95,000 b. Cash receipts from sales, $318,000. c. Budgeted cash payments for materials purchases, $154,000. d. Budgeted cash payments for selling expenses, $87,000. e. Budgeted cash payments for administrative expenses, $123,000 Prepare a cash budget for the month ended on March 31 for Lupin Wolf Company. Lupin wants to pay off the short term bank loan of $20,000 but will not do this if it causes the monthly cash balance to fall below $25,000. Can Lupin pay of the loan? Why or why not
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