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Home Q & A Board Other Fields Homework Help Business Accounting
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Befuddled Befuddled
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A year ago
Cooper Company, a retailer of camping supplies has budgeted activity for January using the following data:

Cash sales$  25,000
Credit sales (60% collected in month of sale)380,000
Selling and administrative costs (including depreciation)50,000
Depreciation expense5,000
Merchandise Inventory, January 121,000
Merchandise Inventory, January 3120,000
Beginning cash balance3,000
Minimum cash balance required 2,500

Cost of goods sold is 55% of Cooper's selling price.
All purchases are paid in cash.
Selling and administrative costs are paid in month of purchase.

Required:

Prepare a cash budget for January. Omit the heading.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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patriciakim08patriciakim08
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A year ago
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Befuddled Author
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A year ago
Thank you, thank you, thank you!
Roselalo
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Yesterday
Helped a lot
jbarnett14
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2 hours ago
Correct Slight Smile TY
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