1.)2.) Dove Corporation began its operations on September 1 of the current year. Budgeted...
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1.)2.)
Dove Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $244,000, $320,000, and $412,000, respectively, for September, October, and November. The company expects to sell 25% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale and 30% in the month following the sale. The cash collections expected in October are a. $292,000 b. $302,900 c. $276,800 d. $228,000 The Cash and Accounts Receivable end-of-year balances for a company are provided below: Current Prior Year Year Cash $45,795 $35,500 Accounts receivable (net) 19,182 27,800 Based on this information, what is the amount and percentage of increase or decrease that would be shown with horizontal analysis? Enter a decrease using a minus sign before the amount and the percentage. Amount Percentage Cash $ % Accounts Receivable $ %
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