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Take me to the text Hyde Catering Inc, is a caterer of corporate lunches and events. The following is Hyde's sales forecast by quarter for
Take me to the text Hyde Catering Inc, is a caterer of corporate lunches and events. The following is Hyde's sales forecast by quarter for the upcoming year. In addition, sales in Q3 and Q4 of 2019 totaled $134,000 and $199,000 respectively, According to the companys sales fecords. all revenue is invoiced (i.e. credit sales). Assume the following historical trends were noted by management regarding credit: sales: - 48% of credit customers pay during the quarter in which the sale took place - 35% of credit customers pay in the quarter immediately following the quarter of sate - 17% of credit customers pay in the second quarter following the quarter of sale Donot enter dollar signs or commas in the input boxes. Prepare a schedule of cash receipts on a quarterly basis. Prepare a schedule of cash receipts on a quarterly basis
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