Mark Wall will be opening his company called MW Catering in January of the next year. He predicts that January, February
Posted: Fri Jul 01, 2022 8:47 am
Mark Wall will be opening his company called MW Catering inJanuary of the next year. He predicts that January, February andMarch will generate $160,000, $110,000 and $130,000 worth of salesrespectively. The company expects to sell 35% of its products forcash. Of the sales on account, 60% are expected to be collected inthe month of the sale, 25% in the month following the sale and theremainder in the following month. Prepare the cash receipts sectionof the cash budget.
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