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ABC Ltd . Has the following revenue and expenditure projections for the six month period July to December. All sales are on credit ( 2
ABC Ltd Has the following revenue and expenditure projections for the six month period July to December. All sales are on credit net and ABC receives days credit from its suppliers. Sales for July to December in $Million are From experience, ABC expects to collect of any month's sales in that same month, in the following month, and the remaining in the second month following the month of sale. Its expenses as a of the month's projected sales are for raw material paid in the following month, wages and salaries lease payments Taxes are paid at the end of each quarter and are $M
Set out ABC's cash budget for the OctDec quarter.
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