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How do make cash collection budget

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Reference no: EM132771404

XYZ Company is estimating the following sales:

July $45,000
August $50,000
September $65,000
October $80,000
November $75,000
December $60,000

Problem 1: Sales at XYZ are normally collected as follows: 10% in the month of sale; 60% in the month following the sale; and the remaining 30% in the second month following the sale. make cash collection budget.

Reference no: EM132771404

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