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Question 2: Cash inflows from sales Budgeted sales are: Month Sales revenue August $14,000 September $17,000 October $14,000 November $16,000 December $14,000 You collect 50%

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Question 2: Cash inflows from sales Budgeted sales are: Month Sales revenue August $14,000 September $17,000 October $14,000 November $16,000 December $14,000 You collect 50% of sales revenue as cash in the month of the sale, 30% in the following month, and 20% two months after the sale. a) Compute budgeted cash inflows for October and November: October = $ November - $ Remember to go backwards in time: e.9., 30% of September revenue is collected in the following month (October). This implies that cash inflows for October include 30% of sales from the previous month (September)

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