(Cash budget-outflows) The firm of Problem 2 proj- ects the following cash outflows for the...
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(Cash budget-outflows) The firm of Problem 2 proj- ects the following cash outflows for the months of September, October, and November: Production costs $250,000 per month Operating costs 125,000 per month Tax payment 40,000 in October Purchase of plant 50,000 in September Payment of interest on debt 20,000 in September Payment of debt principal 45,000 in September Payment of dividends 20,000 in November Prepare a schedule of cash outflows for the months of September, October, and November
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