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6 August, 19:53

Built-tight is preparing its master budget for the quarter ended september 30, 2017. budgeted sales and cash payments for product costs for the quarter follow:

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Answers (1)
  1. 6 August, 22:07
    0
    Month July August September

    Monthly Cash Receipts $55,400 $58,700 $68,500

    Explanation:

    Built Tight

    Cash Receipt Budget for Quarter Ending September 30, 2017

    Particulars July August September

    Sales 55,500 71,500 56,500

    Less: Credit Sales:80% 44,400 57,200 45,200

    Cash Sales 11,100 14,300 11,300

    Previous month receivable 44,300 44,400 57,200

    Monthly Cash Receipts 55,400 58,700 68,500
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