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Question 1: What information is needed for the sales budget in this question, based on the information given?

Question 2: What information is relevant for solving the cash receipts budget question?

Question 3: From the information provided, are there formulas that should be used to solve the purchases budget problem?

Question 4: What is a cash disbursements budget and what information is necessary from the information provided to solve this?

Question 5: Is a summary cash budget the sum of the prior questions? What is sch 2 and sch 4? Schedule?

To clarify the directions given to solve this problem, do you think the information in each subsequent question relies on information in the question before it? What are some formulas that I should be aware of to solve this problem?

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