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annyan annyan
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6 days ago
Williams Company makes and sells laundry duffel bags. Each duffel bag sells for $20 and has a unit variable cost of $12. The company has provided the following budgeting data for March:

Sales (all cash sales)$34,000
Cash balance on March 14,000
Cash disbursements during the month ​36,000
A minimum cash balance on March 314,000
If necessary, Williams will borrow cash from the local bank in multiples of $1,000.

Required:

a.How many units did Williams budget to sell during March?
b.What is Williams' budgeted cash balance at the end of the period before borrowing?
c.How much should Williams budget for borrowing in January?
Textbook 

Managerial Accounting


Edition: 4th
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miemitchmiemitch
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6 days ago
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More solutions for this book are available here
a.$34,000 ÷ $20 = 1,700 units
b.Beginning cash balance$  4,000
Cash collections34,000
Cash disbursements  36,000
Cash balance March 31$  2,000

c.Williams must borrow $2,000 to maintain a $4,000 minimum cash balance.


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annyan Author
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6 days ago
Good timing, thanks!
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Yesterday
Smart ... Thanks!
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2 hours ago
Correct Slight Smile TY
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