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Please write out correct answer and whether its A, B, C or D. Thank you. Prime Products, Inc, budgets the following: $150 60 Accounts receivable
Please write out correct answer and whether its A, B, C or D. Thank you.
Prime Products, Inc, budgets the following: $150 60 Accounts receivable Accounts payable Wages payable Rent/utilities payable Income tax payable 40 20 10 The company expects to collect 90% of its receivables in the current period. It expects to pay 70% of its accounts payable in the current period, and it expects to pay 100% of all other liabilities. For the current period, it has budgeted for a net cash inflow of $20 anet cash inflow of $23 a net cash outflow of $25 a net cash outflow of $73 Step by Step Solution
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