Question: Please help me solve this question and please write this very clearly in a piece of paper, thanks. TED Corp wishes to prepare a cash
TED Corp wishes to prepare a cash budget for the month of March 2021 and has provided projected sales revenue data below: Projected sales: January 2021 February 2021 March 2021 $144,000 $205,000 $220,000 All sales are on credit with 65% collected during the month of sale, 30% collected during the month following the sale, and 5% during the second month after the sale. Required: a) Prepare the cash receipts section of a cash budget for TED Corp for the month of March 2019. b) Discuss how the cash budgeting process will help TED Corp achieve its goals
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