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    Principles of Corporate Finance Study Set 4
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    Exam 4: Financial Planning and Forecasting
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    If All Customers Take 15 Days (One-Half Month) to Pay
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If All Customers Take 15 Days (One-Half Month) to Pay

Question 75

Question 75

True/False

If all customers take 15 days (one-half month) to pay their credit accounts, cash flows from sales inJune would be $150,000; May and June sales budgets are $100,000 and $200,000, respectively.

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