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Below is the abbreviated cash budget for ABC Pty Ltd. Beginning Cash Balance 50,000 Estimated Cash...

Below is the abbreviated cash budget for ABC Pty Ltd.

Beginning Cash Balance 50,000
Estimated Cash Receipts
Cash Available 390,000
Estimated Cash Payments
Purchases 210,000
Operating Expenses
Office Equipment Purchases 50,000
Total Estimated Cash Payments
Ending Cash Balance 40,000

(a) Calculate the amount of Estimated Cash Receipts, Operating Expenses, and Total Estimated Cash Payments.

(b) What action if any should ABC Pty Ltd take as a result of preparing this budget? Briefly justify your answer.

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Expert Solution

For any queries or doubts related to format or any values please post in comment section, I would take that up.

ekkarill92 answered 1 year ago
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