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Can you please help with the attached To prepare a cash budget, the company must determine the budgeted cash collections from sales. Historically, the following
Can you please help with the attached
To prepare a cash budget, the company must determine the budgeted cash collections from sales. Historically, the following trend has been established regarding cash collection of sales:
- 60 percent in the month of sale.
- 20 percent in the month following sale.
- 15 percent in the second month following sale.
- 5 percent uncollectible.
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