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StormLrd StormLrd
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6 years ago
Berry Company has gathered the following information:

April 30, cash balance    $65,000
Dividends paid in May   $12,000
Cash expenditures in May for operating expenses   $76,600
Amortization expense in May   $13,000
Cash collections in May   $152,300
Merchandise purchases paid in cash in May   $121,900
Purchased equipment for cash in May   $56,000

Berry desires to keep a minimum cash balance of $15,000.

Required:
Prepare a cash budget for May, and indicate whether or not Berry meets minimum cash requirements.
Textbook 
Cost Accounting: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
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GarretAGarretA
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6 years ago
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Without mathematics, there's nothing you can do. Everything around you is mathematics. Everything around you is numbers.

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StormLrd Author
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6 years ago
This calls for a celebration Person Raising Both Hands in Celebration
dearsophia21
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
branbran2k16
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2 hours ago
Correct Slight Smile TY
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