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Prepare a cash inflow budget for december and january

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Question - Signal Florists (SF) operates a retail flower shop. Their sales for October total $5,000. They have projected revenue for the next three months as follows:

November $12,000

December 23,000

January 8,000

February 10,000

10% of their customers pay in the month of purchase, and the remaining 90% pay in the month following purchase.

Prepare a cash inflow budget for December, January, and February.

Reference no: EM131761734

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