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Business, 26.11.2019 04:31 shoobywee

Ewing company is preparing a cash budget for september. the following information on accounts receivable collections is available from past collection experience:

percent of current month’s sales collected this month 20 %
percent of prior month’s sales collected this month 61
percent of sales two months prior to current month collected this month 6
percent of sales three months prior to current month collected this month 8

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Ewing company is preparing a cash budget for september. the following information on accounts receiv...
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