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Please help!! Cash sales and collections on account for the month are $ A Payments for inventory for the month are $_ A Payments for
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Cash sales and collections on account for the month are $ A Payments for inventory for the month are \$_ A Payments for all other expenses for the month are $ - A. The ending cash balance at the end of the month is $. A Gift4U provided the following sales information for the month of August: For credit sales, the collection pattern is as follows: Based on past experience, the company estimates the remaining credit sales are uncollectible. Inventory purchases average 55% of current month's total sales. Payments for inventory are made as follows: Other expenses are as follows: August 1 cash balance is $6,912.00. Required: Prepare a cash budget for the month of August and use it to answer the following questionsStep by Step Solution
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