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Question: The company Glass Inc. requests to make the cash budget corresponding to the year 2018, broken down on a monthly basis from January to December.
Take into account:
- The minimum desired cash balance is $ 10,000.00- Equipment purchases will be made as follows: January $ 21,000.00; July $ 18,000.00- Payment of dividends for March $ 5,000.00; July $ 5,000.00; October $ 5,000.00; December $ 5,000.00- Initial balance of $ 12,000.00
The following is requested:
a) Based on the cash budget prepared, you must analyze the company's application for loans and repayments.
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