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1. Deschambault Inc. is working on its cash budget for December. The budgeted beginning cash balance is $14,000. Budgeted cash receipts total $127,000 and budgeted cash disbursements total $126,000. The desired ending cash balance is $40,000. To attain its desired ending cash balance for December, the company needs to borrow:
A) $25,000B) $0C) $55,000D) $40,000
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Assume that a shortage of goods from suppliers is causing cost of goods sold to increase 10 percent for each company. Change the respective cost of goods sold balances in the Actual income statement column for each company. Note the new calculated am..
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