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Pew Clothing (PC) sells womens resort casual clothing to high-end department stores and in its own retail boutiques. PC expects sales for January, February, and
Pew Clothing (PC) sells womens resort casual clothing to high-end department stores and in its own retail boutiques. PC expects sales for January, February, and March to be $380,000, $440,000, and $460,000, respectively. Twenty percent of PCs sales are cash, with the remainder collected evenly over two months. During December, PCs total sales were $690,000. PC is beginning its budget process and has asked for your help in preparing the cash budget.
Compute PCs expected cash receipts from customers for each month.
January: February: March:
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