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I Need help understanding what the answers are for these 2 questions please, the pictures are visible. The capital expenditures budget shows the timing and
I Need help understanding what the answers are for these 2 questions please, the pictures are visible.
The capital expenditures budget shows the timing and payments for purchases of all of the following except: inventory O buildings office equipment O production equipment Question 3 1 pts Wilson Group is preparing its cash collections budget. Budgeted sales are $200,000 in July, $150,000 in August, and $175,000 in September. Fifty percent of sales are cash sales; the remainder is on account. Sales on account are expected to be collected 30% in the month of sale and 70% in the month following the month of sale. What are anticipated cash collections during the month of August? O $115,000 O $167,500 O $158,750 O $150,000Step by Step Solution
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