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  3. sales $356708 $341850 $699972 $629153 ...

Sales $356708 $341850 $699972 $629153 ...

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Question

Accounting

Sales

$356708

$341850

$699972

$629153

Expenses

$132014

$106930

$274167

$159164

Month

September

October

November

December

Cash-in

A/R

Total Cash In

Cash-out

? SOLVE ?

55% of sales are budgeted to be collected as cash in the month the sales are earned, while the remaining amount will be collected in the following month.

48% of expenses are budgeted to be paid out as cash in the month the expense is incurred, while the remaining amount will be paid in the following month.

The depreciation expense for each month has been calculated as $98477

Answer & Explanation Solved by verified expert
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