Prepare a cash budget


Unici borrows funds, in increments of $1,000, and repays them on the last day of the month. The company also pays its vendors on the last day of the month. It pays interest of 1 percent per month in cash on the last day of the month. To be prudent, the company desires to maintain a $12,000 cash cushion. Prepare a cash budget.

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Accounting Basics: Prepare a cash budget
Reference No:- TGS064632

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