Enter the budgeted cash balance as of end of february

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Cash budget for Shah Inc. based on the information provided below.

Month           Sales Revenue

Jan                320,000

Feb                 300,000

Mar                 260,000

Apr                     205,000

Problem 1: All sales are on credit; 75 percent is collected during the month of sale, and 25 percent is collected during the next month. Cost of goods sold is 80 percent of sales. Payments for goods purchased is made in the next month (30 day credit). Operating expenses total $34,000 per month and are paid during the month incurred . The cash balance on February 1 is estimated to be $18,000. In the space provided below, enter the budgeted cash balance as of end of February

Reference no: EM132796656

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