Business, 05.03.2020 16:24 danetth18

Tierney Enterprises is constructing its cash budget. Its budgeted monthly sales are $5,000, and they are constant from month to month. 40% of its customers pay in the first month and take the 2% discount, while the remaining 60% pay in the month following the sale and do not receive a discount. The firm has no bad debts. Purchases for next month's sales are constant at 50% of projected sales for the next month. "Other payments," which include wages, rent, and taxes, are 25% of sales for the current month. Construct a cash budget for a typical month and calculate the average net cash flow during the month. a. $1,271 b. $1,210 c. $1,334 d. $1,150 e. $1,092

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Tierney Enterprises is constructing its cash budget. Its budgeted monthly sales are $5,000, and they...

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