Search results with tag "The cash budget"

CHAPTER 3 The Cash Budget

CHAPTER 3: The Cash Budget 74 shown that in the past about 40% of its sales are cash and 60% are on credit. Of the 60% of sales made on credit, about 75% will be collected during the month following the sale and the remaining 25% will be collected two months after the sale. In other words, 45%

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