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Business, 25.04.2020 02:50 boxergirl2062

Assume direct labor costs and manufacturing overhead costs are paid in the month incurred. Additionally, assume Yem has cash payments for selling and administrative expenses including salaries of $ 50 comma 000 per month plus commissions that are 2 % of sales, all paid in the month of sale. The company requires a minimum cash balance of $ 12 comma 000 . Prepare a cash budget for January and February .

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