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Godty Godty
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A year ago
Pepper Farm's intern was preparing the cash budget for June. During the month, Pepper's cash sales were $30,000 and Pepper collects 60% of credit sales during the month of sale. What was the dollar amount of Pepper's credit sales?

Beginning cash balance$     3,600
Cash receipts 303,600
Total cash available to spend307,200
Less disbursements:​
  Materials purchases266,100
  Selling and administrative expenses   54,000
Total cash disbursements320,100
Cash excess (needed)(12,900)
Borrowing   15,900
Ending cash balance$    3,000


▸ $200,160

▸ $456,000

▸ $556,000

▸ $476,000
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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tulipfiascotulipfiasco
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A year ago
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Godty Author
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A year ago
Correct Slight Smile TY
einstein
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Yesterday
Smart ... Thanks!
jaray75
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2 hours ago
this is exactly what I needed
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