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Last month, you withdrew $2,000 from your business. This represented 10% of your Cash Sales. You believe that 10% of sales is an appropriate percentage
Last month, you withdrew $2,000 from your business. This represented 10% of your Cash Sales. You believe that 10% of sales is an appropriate percentage to withdraw from your business. This month, you have budgeted $25,000 for Cash Sales. What is the amount you will include in your Cash budget for Drawings this month?
Last month, you withdrew $2,000 from your business. This represented 10% of your Cash Sales. You believe that 10% of sales is an appropriate percentage to withdraw from your business. This month, you have budgeted $25,000 for Cash Sales. What is the amount you will include in your Cash budget for Drawings this month? Select one: a. $2,000 b. $2,500 c. $25,000 d. The owner should not be withdrawing money from the businessStep by Step Solution
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