In his preliminary cash budget, Barnes has assumed that all sales are collected and, thus, that SKI
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In his preliminary cash budget, Barnes has assumed that all sales are collected and, thus, that SKI has no bad debts. Is this realistic? If not, how would bad debts be dealt with in a cash budgeting sense? (Hint: bad debts will affect collections but not purchases.)
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It is not realistic to assume zero bad debts When credit is granted ...View the full answer
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Related Book For 
Financial management theory and practice
ISBN: 978-0324422696
12th Edition
Authors: Eugene F. Brigham and Michael C. Ehrhardt
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