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Author Question: Duffy Corporation has prepared the following sales budget: MonthCash SalesCredit ... (Read 82 times)

Tirant22

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on: Mar 6, 2021

Question 1

The possibility of exchange rate fluctuations does NOT influence the budgeting procedures in a multinational corporation.
◦ true
◦ false

Question 2

Duffy Corporation has prepared the following sales budget: 

MonthCash SalesCredit Sales
May$16,000$68,000
June20,00080,000
July18,00074,000
August24,00092,000
September22,00076,000 

Collections are 40% in the month of sale, 45% in the month following the sale, and 10% two months following the sale. The remaining 5% is expected to be uncollectible. 

Required: 
Prepare a schedule of cash collections for July through September.
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by Tirant22 on Mar 6, 2021

mbcrismon

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Tirant22

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review

bigcheese9

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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