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Budget preparation

Forums › FIA Forums › FFM Foundations in Financial Management Forums › Budget preparation

  • This topic has 0 replies, 1 voice, and was last updated 9 months ago by Syeda.aiman.ali.
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  • July 17, 2024 at 4:58 pm #708638
    Syeda.aiman.ali
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    Qs) a company has a two month receivable cycles . It receives in cash 45% of the total gross sales value in the month of invoicing. Irrecoverable Debts are 20% of total gross sales value and there is a 10% discount for setting accounts within 30 days .
    What proportion of the first months sales will be received as cash in the second month . ?
    A) 25%
    B) 30%
    C) 35%
    D)55%

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