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Ferry Company Has Gathered the Following Information

Question 28

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Ferry Company has gathered the following information:
Ferry Company has gathered the following information: Ferry desires to keep a minimum cash balance of $15,000.Required: Prepare a cash budget for May, and indicate whether or not Ferry meets minimum cash requirements. Ferry desires to keep a minimum cash balance of $15,000.Required:
Prepare a cash budget for May, and indicate whether or not Ferry meets minimum cash requirements.

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