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GrogVix [38]
2 years ago
8

Capes Corporation is a wholesaler of industrial goods. Data regarding the store's operations follow:

Business
1 answer:
Galina-37 [17]2 years ago
5 0

Answer:

Explanation:

Schedule of expected cash collection is a form of budgeted that list the time frames and the amount of payment expected from customers for the purpose of efficient planning.

Account receivables

60% * October sales = 67,000

November sales

40% * 320000 (November sales) = $128,000

                                                       $195000

December cash collection

60%*320000 (November sales) = 192000

40%*330000 (December sales)= $132000

                                                     $324,000

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