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a. Create a 12-month cash flow budget in Excel using the ronowing assumptions: - Initial sales of $5 million, with forecasted monthly growth of 1%

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a. Create a 12-month cash flow budget in Excel using the ronowing assumptions: - Initial sales of $5 million, with forecasted monthly growth of 1% - 40% of each month's sales for cash; 30% collected the following month; 20% collected 2 months later; 8% collected 3 months later; and 2% never collected - Initial cash balance of $350,000

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