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Quinine Ltd is currently preparing a cash budget for May-August Quinine Ltd is currently preparing a cash budget for May August. Its estimated sales figures
Quinine Ltd is currently preparing a cash budget for May-August
Quinine Ltd is currently preparing a cash budget for May August. Its estimated sales figures are as follows June July May August 3 227 11 218 Cash sales 9625 4988 13 556 6 630 Credit sales 7 207 Cash sales are collected immediately, and customers paying cash are given a 2% discount, but credit sales are invoiced to customers. who normally pay in the following month. The closing trade receivables (debtors) at 30 April totalled $8 912. Show the relevant figures for sales to be included in the cash budget for May August. Cash receivable from cash and credit sales: Round the answers for cash sales to the nearest June July May August Cash sales Credit sales TotalStep by Step Solution
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