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Pasadena Candle Inc. pays 40% of its purchases on account in the month of the purchase and

Pasadena Candle Inc. pays 40% of its purchases on account in the month of the purchase and 60% in the month following the purchase. Purchases are budgeted to be $40,000 for August and $36,000 for September.

Prepare a simple cash budget for Pasadena Candle Inc.

Dec 06 2019 View more View Less

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