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Business, 14.07.2019 07:30 evanwall91
Simon the pieman bakery is budgeting cash for 2017. the cash balance at december 31, 2016, was $ 14 comma 000. simon the pieman bakery budgets 2017 cash receipts at $ 80 comma 000. estimated cash payments include $ 42 comma 000 for inventory, $ 32 comma 000 for operating expenses, and $ 17 comma 000 to expand the store. simon the pieman bakery needs a minimum cash balance of $ 6 comma 000 at all times. simon the pieman bakery expects to earn net income of $ 75 comma 000 during 2017. what is the final result of the company's cash budget for 2017?
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Simon the pieman bakery is budgeting cash for 2017. the cash balance at december 31, 2016, was $ 14...
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