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solution should be done steps by steps please The sales manager of EKP Inc, has estimated sales for January, February, March, and Aprit wal be
solution should be done steps by steps please
The sales manager of EKP Inc, has estimated sales for January, February, March, and Aprit wal be $70;000,$75,000,583,000, and 590,000 fecpectively Fumer, the manager expects that 10% of the sales will be for cash, and the collection of the creclt saies will be made as follows: The remaining credit sales are uncollectable. Instructions a) Determine the cash collections for March. b) If EKP Inc.'s cash batance is $9,685 on March 1; cash expenditures are projected to equal S83, 450 for March, and managemient wants a mimenum cant balance of $7,000, how much, if any, does EKP inc, need to botrow in March? c) If expenses are budgeted at 65% of saies; what is budgesed profit for March? - No text entered . This question has not been graded Step by Step Solution
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