Crew Clothing (CC) sells womens resort casual clothing to high-end department stores and in its...
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Accounting
Crew Clothing (CC) sells womens resort casual clothing to high-end department stores and in its own retail boutiques. CC expects sales for January, February, and March to be $440,000, $500,000, and $520,000, respectively. Twenty percent of CCs sales are cash, with the remainder collected evenly over two months. During December, CCs total sales were $750,000. CC is beginning its budget process and has asked for your help in preparing the cash budget. Compute CCs expected cash receipts from customers for each month. months jan, feb, march
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