Assignment_5.docx - Problem13.11

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Problem 13.11 Natalie Rae, owner of the Rae Café, has requested your assistance in preparing of 3 year cash  budget. She provides the following financial data: 20X1 20X2 20X3 Budgeted Pretax Income $(20,000) $0 $150,000 Deprecation Expense 30,000 30,000 30,000 Mortgage Payments: - Interest Expense - Principal Reduction 20,000 10,000 19,500 10,500 19,000 11,000 Expected Changes in Current  Accounts: - Accounts Receivable - Inventory - Accounts Payable 5,000 2,000 5,000 5,000 (3,000) (6,000) (5,000) 2,000 7,000 Other Planned Activity - Sale of Capital Stock - Purchase of Property 100,000 20,000 0 50,000 0 0 Additional Information:
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This note was uploaded on 09/10/2010 for the course IAH 001 taught by Professor Wang during the Spring '10 term at Michigan State University.

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