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What is the amount of the cash overage or shortage

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Question - Loachapoka Company budgeted the following transactions for April 2008: Sales (75% collected in month of sale)= $200,000; Cash Operating Expenses= $105,000; Cash Purchases of Capital Investments= $75,000; Cash Payment of Debt= $15,000; Depreciation on Operating Assets= $12,000; The beginning cash balance was $50,000. The company desires to have a $25,000 ending cash balance. What is the amount of the cash overage or shortage?

Reference no: EM132214688

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