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3. Canada Goose Sportswear Ltd. had sales in November 2020 of $538,255. Ten percent of the sales were cash sales, with 70% of the credit
3. Canada Goose Sportswear Ltd. had sales in November 2020 of $538,255. Ten percent of the sales were cash sales, with 70% of the credit sales collected one month after the sale, 25% collected 2 months after the sale, and 5% written off as bad debts. Sales are expected to grow by 2% per month between December 2020 and the end of 2021. The company's fiscal year runs from January to December. a] Prepare a cash INFLOW budget for each month in 2021. Submit your analysis separately (can be in excel, or an image of your 1 handwritten work.) Using your calculations from above, answer the below questions: 3 b] What are the total collection results for January's sales? 4 C] What are the write-offs for the month of March? 55 d] What are the total collections for the 2021 year? 36 37
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