23-5- Principles of accounting 2

23-5- Principles of accounting 2 - BudgetStatement...

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Budget Statement: Budget Sales 72,000 COGS 42,000 Gross Profit Budget pretax operating income Interest expense Pretax income  Income Taxes 25% Budget Net Income Cash budget: Beginning cash, May 1 Add: Collections on March sales 10% 6,500 Collections on April sales 60% 25,200 Collections on May sales 30%
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23-5- Principles of accounting 2 - BudgetStatement...

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