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Which setup factors impact a company's cash collection pattern? It Teasdale Company, past experience reveals that 20% of sales are for cash and the remaining
Which setup factors impact a company's cash collection pattern?
It Teasdale Company, past experience reveals that 20% of sales are for cash and the remaining 80% are on credit. As the accountants at Teasdale Company repare a cash budget, what will they do with these percentages? Use the same percentages each month in order to maintain consistency. Use a higher percentage of credit sales in each month to reflect inflation. Adjust the percentages over time as the company learns about its customers' payment patterns Use a lower percentage of credit sales in each month to create a conservative budget
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