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This is question #4. I need the answers showing step by step everything and as clear and concise on the whole thing and what the
This is question #4. I need the answers showing step by step everything and as clear and concise on the whole thing and what the final answer is for each one is. I'll need to put this on a Word Document, so please make sure it fits the criteria so I can put all the steps and the solution onto a Word Document. Please do it as fast as you can, and would greatly appreciate it. Thank you so much, Yaakov V. Question #5. 12% of total grade. XYZ Corporation is preparing a master budget for 2020. Sales for the year are expected to total 1,000,000 units. Quarterly sales in units are 20%, 25%, 30%, and 25% respectively. The sales price is expected to be $50 per unit for the first 3 quarters and $55 per unit beginning in the fourth quarter. Sales in the first quarter of 2021 are expected to be 10% higher than the budgeted sales volume for the first quarter of 2020. Cash collections from sales are 60% in the quarter of sale, 30% in the following quarter and 8% in the second quarter after sale. Prepare a cash inflows schedule for the third quarter 2020
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