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The Handley Antique Mall budgeted credit sales in the first quarter of 2021 to be as follows:
January $195,200
February 207,400
March 221,200
Credit sales in December 2020 are expected to be $244,000. The company expects to collect 75% of a month's sales in the month of sale and 25% in the following month.
Problem 1: How do estimate cash receipts for each month of the first quarter of 2021.
Value Added Tax: Linda Company's product has a tag price of P350.00 inclusive of value added tax. Determine the amount of the value added tax
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What types of "numbers" do need to determine, first, if the company can break-even, and then if they can achieve the profit they want?
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