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Compute cc expected cash receipts from customers

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Question - Crew Clothing (CC) sells women's resort casual clothing to high-end department stores and in its own retail boutiques. CC expects sales for January, February, and March to be $450,000, $510,000, and $530,000, respectively. Twenty percent of CC's sales are cash, with the remainder collected evenly over two months. During December, CC's total sales were $760,000. CC is beginning its budget process and has asked for your help in preparing the cash budget.

Compute CC's expected cash receipts from customers for each month.

Reference no: EM132001208

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