(Answered) Question cash budget piano man inc has a 32-day average

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Question: Cash Budget. Piano Man, Inc., has a 32-day average collection period and wants to maintain a minimum cash balance of $20 million, which is what the company currently has on hand. The company currently has a receivables balance of $218 million and has developed the following sales and cash disbursement budgets in millions:

Complete the following cash budget for the company. What conclusions do you draw?

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