Answer the questions based on concept and your understanding of how the budget numbers are interrelated. Assume
Question:
A. what would be the impact on the cash budget if 30% (instead of 25%) of credit sales is collected in the month of the sale? (Note this is the only change). b. What would be the impact on the cash budget, if 90% (instead of 80%) of the merchandise is paid in the month following the purchase?
Cash Budget
A cash budget is an estimation of the cash flows for a business over a specific period of time. These cash inflows and outflows include revenues collected, expenses paid, and loans receipts and payment. Its primary purpose is to provide the...
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1 A The collection of credit sales from of 30 instead of 25 in the month of a sale will increase the ...View the full answer
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