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Question: Here are some important figures from the

Here are some important figures from the budget of Nashville Nougats, Inc., for the second quarter of 2021:
Here are some important figures from the budget of Nashville Nougats, Inc., for the second quarter of 2021:


The company predicts that 5 percent of its credit sales will never be collected, 35 percent of its sales will be collected in the month of the sale, and the remaining 60 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase.
In March 2021, credit sales were $245,300 and credit purchases were $149,300. Using this information, complete the following cash budget:

The company predicts that 5 percent of its credit sales will never be collected, 35 percent of its sales will be collected in the month of the sale, and the remaining 60 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase. In March 2021, credit sales were $245,300 and credit purchases were $149,300. Using this information, complete the following cash budget:
Here are some important figures from the budget of Nashville Nougats, Inc., for the second quarter of 2021:


The company predicts that 5 percent of its credit sales will never be collected, 35 percent of its sales will be collected in the month of the sale, and the remaining 60 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase.
In March 2021, credit sales were $245,300 and credit purchases were $149,300. Using this information, complete the following cash budget:


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