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Marsha Inc. has the following
budgeted data for 2016:
Cash balance, beginning
$15,000
Collections from customers
145,000
Direct materials purchases
25,000
Expenses:
Operating expenses
50,000
Payroll
75,000
Income taxes
6,000
Other:
Machinery purchases
30,000
Operating expenses include $20,000
depreciation for buildings and equipment. All purchases of
materials are paid for in the period...