Answer to Question #54267 in Accounting for michael

Question #54267
Apollo cash receipts 1.5.20XX–30.9.20XX May June July August Sept. Oct. Nov. Dec. 3,000 5,000 7,000 1,000 5,000 4,500 3,000 3,000 Note: Cash receipts are shown. Credit revenues are twice that of cash each month. The business is closed for April. Credit terms are 50% by end of the month; 35% by end of the next month balance by end of third month. Build the projected revenue budget for the six months ending in December? How is internal competition between projects/ departments competing for funding allocated and what role does the budgeted statement of financial performance play?
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