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What is the projected ending cash balance

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Problem

Moria Company has made the following estimates for the month of December:

Cash sales                                                                               $ 380,000

Beginning cash balance                                                              $ 30,000

Operating expenses*                                                                 $ 420,000

Interest expense, which is included in operating expenses             $ 12,000

Borrowings                                                                               $ 50,000

End of period accrued liabilities, included in operating expenses      $ 20,000

*Includes depreciation expense of $20,000

What is the projected ending cash balance?

Reference no: EM131785625

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