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What are your observations about the way cash is collected

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Reference no: EM132806774

Question - Cookie Company Budgeted credit sales are as follows:

December last year $250,000

January $125,000

February $300,000

March $90,000

Collection:

Month of the sale 80%

Month following the sale 20%

What are your observations about the way cash is collected if the company needs $150,000 per month for expenses? Why is there such a big difference between each month?

Reference no: EM132806774

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