Garfield Corp expects to sell 1,000 units of its pet beds in March and 700 units in April Each unit sells for $140 Garfield's ending inventory policy is 10 percent of the following month's sales Garfield pays its supplier $40 per unit Compute Garfield's budgeted purchases of pet beds for March Crew Clothing (CC) sells women's resort casual clothing to high end department stores and in its own retail boutiques CC expects sales for January, February, and March to be $370,000,$430,000, and $450,000, respectively Twenty percent of CC's sales are cash, with the remainder collected evenly over two months During December, CC's total sales were $680,000 CC is beginning its budget process and has asked for your help in preparing the cash budget Compute CC's expected cash receipts from customers for each month

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Garfield Corp  expects to sell 1,000 units of its pet beds in March and 700 units in April  Each unit sells for  $140  Garfield's ending inventory policy is 10 percent of the following month's sales  Garfield pays its supplier $40 per unit  Compute Garfield's budgeted purchases of pet beds for March  Crew Clothing (CC) sells women's resort casual clothing to high end department stores and in its own retail boutiques  CC expects sales for January, February, and March to be $370,000,$430,000, and $450,000, respectively  Twenty percent of CC's sales are cash, with the remainder collected evenly over two months  During December, CC's total sales were $680,000  CC is beginning its budget process and has asked for your help in preparing the cash budget  Compute CC's expected cash receipts from customers for each month

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Garfield Corp. expects to sell 1,000 units of its pet beds in March and 700 units in April. Each unit sells for $140. Garfield's ending

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