Question: Exercise 1 4 - 1 3 ( Algo ) Cash receipts budget LO 1 4 - 4 , 1 4 - 7 Brooklyn Studio's sales
Exercise Algo Cash receipts budget LO
Brooklyn Studio's sales are all made on account. The firm's collection experience has been that of a month's sales are collected in the month the sale is made, are collected in the month following the sale, and are collected in the second month following the sale. The sales forecast for the months of September through December is as follows:
tableSeptember$
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