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Here is the cash budget for ABC Corporation for 2020: Cash Receipts: Q1: Php 1,050,000 (85% of Q1 sales of Php 1,235,000) Q2: Php 185,250 (15% of Q4 2019 sales of Php 900,000 + 85% of Q2 sales of Php 1,302,500) Q3: Php 977,625 (15% of Q1 sales of Php 1,235,000 + 85% of Q3 sales of Php 1,352,875) Q4: Php 1,149,238 (15% of Q2 sales of Php 1,302

Author

Bai Nilo

Language

EN