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1) prepare a schedule of cash receipts for October and November 2) Prepare a schedule of cash payments for August and September 3) What is
1) prepare a schedule of cash receipts for October and November
2) Prepare a schedule of cash payments for August and September
3) What is budget slack and its pros and cons of building slack into the budget?
- All of the company's sales are credit sales. Credit sales are collected over a two-month period: 70% in the month of the sale, and 30% in the second month. - Of the inventory purchases, 40% are paid in the month of purchase and the remaining 60% is paid in the following month. - Salaries and wages total $6,000 per month. - Rent is $3,000 per monthStep by Step Solution
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