Mary's Dairy has the following information available for the preparation of the cash budget for the second quarter:
The minimum cash balance for any month is $10,000.
Prepare a cash budget for the second quarter for this company. No additional equipment will be purchased this quarter. Assume that any cash in excess of the $10,000 is invested and deducted from the cash account.

Question

Mary's Dairy has the following information available for the preparation of the cash budget for the second quarter:
The minimum cash balance for any month is $10,000.
  Prepare a cash budget for the second quarter for this company. No additional equipment will be purchased this quarter. Assume that any cash in excess of the $10,000 is invested and deducted from the cash account.

Quizplus · Accepted Answer

The Answer of Mary's Dairy has the following information available for the preparation of the cash budget for the second quarter:
The minimum cash balance for any month is $10,000.
  Prepare a cash budget for the second quarter for this company. No additional equipment will be purchased this quarter. Assume that any cash in excess of the $10,000 is invested and deducted from the cash account.

Mary's Dairy Has the Following Information Available for the Preparation