Zoom Company expects sales of $50,000 in January, and $75,000 in February. Based upon past...
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Zoom Company expects sales of $50,000 in January, and $75,000 in February. Based upon past sales, the company predicts that 75% of sales will be collected in the month of sale and 25% will be collected in the month following the sale. December sales were $67,000. Prepare the Estimated Cash receipts portion of the Cash Budget for January and February for Zoom Company
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