Answer to Question #78672 in Finance for Liam Johnston
A)Build the projected revenue budget for the six months ending in December.
Apollo cash receipts
Cash receipts are shown. Credit revenues are twice that of cash each month. Credit sales were 3,000 in March and 5,000 in April. Credit terms are 50% by end of the month; 35% by end of the next month balance by end of third month.
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