XYZ Corp is presently formulating its cash budget for the year ending on March 31,2014....
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Accounting
XYZ Corp is presently formulating its cash budget for the year ending on March From its sales budget for the same period, the following sales values have been extracted.
March Rs
April Rs
May Rs
June Rs
It's projected that of sales will be made for cash. Among the credit sales, are anticipated to be paid in the month following the sale, and the discount allowed is to ensure timely collection of credit sale. Another are expected to be settled in the second month after the sale, while the remaining are anticipated to result in bad debts. What is the value of the sales budget to be reflected in the cash budget for May
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