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A company is preparing its cash budget for the coming month. All sales are made on account. Given the following: Beginning Budgeted Balances Amounts Cash $50,000 Accounts receivable 180,000 Sales $800,000 Cash disbursements 780,000 Depreciation 25,000 Ending accounts receivable balance 210,000
What is the expected cash balance of the company at the end of the coming month?
A. $15,000 B. $70,000 C. $45,000 D. $40,000
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