You have been hired as the controller at Alfit, a distributor of exercise equipment. The...
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Accounting
You have been hired as the controller at Alfit, a distributor of exercise equipment. The manager has provided you with the following financial information to start preparing the budget for the upcoming month:
a Cash balance at December is $
b Actual sales for October and November and budgeted sales for December are shown below. Sales on account are collected over a threemonth period: in the month of sale, in the month following the sale, and collected in the second month following the sale. The remaining is uncollectible.
tableOctober,November,DecemberCash Sales,$$$
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