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(a) Explain the relationship between (i) cash receipts and sales, (ii) cash expenditures and purchases, (iii) increases in the desired level of cash balances and
(a) Explain the relationship between (i) cash receipts and sales, (ii) cash expenditures and purchases, (iii) increases in the desired level of cash balances and the net cash flow of project. (b) Why is financial depreciation expense used in the calculation of financial statements? In what ways is depreciate expense used in the estimation of the projects net cash flow over time?
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