Question

Here are some important figures from the budget of Nashville Nougats, Inc., for the second quarter of 2012:




The company predicts that 5 percent of its credit sales will never be collected,
35 percent of its sales will be collected in the month of the sale, and the remaining
60 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase.
In March 2012, credit sales were $196,000 and credit purchases were $134,400.
Using this information, complete the following cashbudget:


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  • CreatedMarch 13, 2014
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