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Schedule of Cash Collections on Accounts Receivable and Cash Budget Erewon Inc. sells all of its product on account. Erewon has the following accounts receivable
Schedule of Cash Collections on Accounts Receivable and Cash Budget
Erewon Inc. sells all of its product on account. Erewon has the following accounts receivable payment experience:
Percent paid in the month of sale
Percent paid in the month after the sale
Percent paid in the second month after the sale
To encourage payment in the month of sale, Erewon gives a cash discount. The company's anticipated sales for the next few months are as
tableApril$
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