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Griffin's Goat Farm has a receivables collection pattern of 5% in the month of a sale, 75% one month after sale, and the remaining 20%

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Griffin's Goat Farm has a receivables collection pattern of 5% in the month of a sale, 75% one month after sale, and the remaining 20% two months after sale. They are at the end of March and are trying to develop a receipts and disbursements budget based Griffin's Goat Farm has a receivables collection pattern of 5% in the month of a sale, 75% one month after sale, and the remaining 20% two months after sale. They are at the end of March and are trying to develop a receipts and disbursements budget based on the information below. Please determine what the projected collections will be for April, May, and June. Sales (Jan Mar = actual; Apr Jun = Projected) Jan=$150,000 Feb=$200,000Mar=$400,000Apr=$750,000May=$300,000Jun=$200,000 QUESTIONS (1) If purchases (COGS) in each month will be equal to 60% of the projected sales, the actual payments will lag the purchases by one month, and the additional disbursements (not related to COGS) will be $175,000 in April, $125,000 in May, and $150,000 in June, determine the net cash flow for April-June. Find the answer for June

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