Rena Wright is a wholesaler of spices, importing them from countries such as Thailand, India, and Sri

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Rena Wright is a wholesaler of spices, importing them from countries such as Thailand, India, and Sri Lanka. Rena repackages the spices and sells them to organic food stores and gourmet groceries. Rena sells most of her products on credit; she estimates that she collects 30% of her revenues in the month of sale, 40% in the following month, 25% two months after the sale, and the remaining 5% the month thereafter.
Rena provides you with the following budgeted revenue information for the coming five months:
Rena Wright is a wholesaler of spices, importing them from

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What are Rena's budgeted cash inflows for November and December?

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Managerial Accounting

ISBN: 978-1118385388

2nd edition

Authors: Ramji Balakrishnan, Konduru Sivaramakrishnan, Geoff B. Sprinkle

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