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What amount of would appear in the company cash budget

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Question - Assume a company is preparing a budget for its first two months of operations. During the first and second months it expects cash sales of $29,000 and $45,500, respectively. It also expects cre $55,500 and $65,500, respectively. The company expects to collect 45% of its credit sales in the month of the sale, 50% in the following month, and 5% is deemed uncollectible. What amount of would appear in the company's cash budget for the first month?

Reference no: EM133170931

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