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Nichols Co

Question 59

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Nichols Co.has the following information for the second quarter of 2012:
Nichols Co.has the following information for the second quarter of 2012: Cost of Goods Sold is 75% of Sales; all cash Operating expenses is 10% of Sales; all cash Income taxes paid: The minimum cash balance for any month is $10,000. Prepare a cash budget for each month in the second quarter of 2012,showing any excess cash or any financing needed.Any interest on the financing will be deferred until the fiscal year end in December. Cost of Goods Sold is 75% of Sales; all cash
Operating expenses is 10% of Sales; all cash
Nichols Co.has the following information for the second quarter of 2012: Cost of Goods Sold is 75% of Sales; all cash Operating expenses is 10% of Sales; all cash Income taxes paid: The minimum cash balance for any month is $10,000. Prepare a cash budget for each month in the second quarter of 2012,showing any excess cash or any financing needed.Any interest on the financing will be deferred until the fiscal year end in December. Income taxes paid:
Nichols Co.has the following information for the second quarter of 2012: Cost of Goods Sold is 75% of Sales; all cash Operating expenses is 10% of Sales; all cash Income taxes paid: The minimum cash balance for any month is $10,000. Prepare a cash budget for each month in the second quarter of 2012,showing any excess cash or any financing needed.Any interest on the financing will be deferred until the fiscal year end in December. The minimum cash balance for any month is $10,000.
Prepare a cash budget for each month in the second quarter of 2012,showing any excess cash or any financing needed.Any interest on the financing will be deferred until the fiscal year end in December.

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