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06-08-2019
Business

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Southland Company is preparing a cash budget for August. The company has $17,200 cash at the beginning of August and anticipates $121,200 in cash receipts and $134,700 in cash disbursements during August. Southland Company wants to maintain a minimum cash balance of $10,000. The preliminary cash balance at the end of August before any loan activity is:___________ .

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isyllus isyllus

07-08-2019

Answer:The preliminary cash balance at the end of August before any loan activity is: $3700

Given :

Cash at the beginning = $17,200

Cash receipts anticipated = $121,200

Cash disbursements anticipated = $134,700

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