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Answer to Question #78672 in Finance for Liam Johnston

Question #78672
B)How is internal competition between projects/ departments competing for funding allocated and what role does the budgeted statement of financial performance play?

A)Build the projected revenue budget for the six months ending in December.
Apollo cash receipts

1.5.20XX–30.9.20XX

May

June

July

August

Sept.

Oct.

Nov.

Dec.

3,000

5,000

7,000

5,000

5,000

4,500

3,000

3,000

Note:

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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