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Qmonda Corporation's budgeted monthly sales are $5,000, and they are constant from month to month. Its customers pay as follows: 25% pay in the first

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Qmonda Corporation's budgeted monthly sales are $5,000, and they are constant from month to month. Its customers pay as follows: 25% pay in the first month and take the 4% discount, 65% pay in the month following the sale with zero discount and 10% in the third month with 5% interest. The firm has no bad debts. Purchases for next month's sales are constant at 50% of projected sales for the next month. "Other payments," which include payments for wages, rent, and taxes, are 30% of sales for the month. Construct a cash budget for a typical month and calculate the average cash gain or loss during the month. (5 points) Qmonda Corporation's budgeted monthly sales are $5,000, and they are constant from month to month. Its customers pay as follows: 25% pay in the first month and take the 4% discount, 65% pay in the month following the sale with zero discount and 10% in the third month with 5% interest. The firm has no bad debts. Purchases for next month's sales are constant at 50% of projected sales for the next month. "Other payments," which include payments for wages, rent, and taxes, are 30% of sales for the month. Construct a cash budget for a typical month and calculate the average cash gain or loss during the month. (5 points)

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