How much cash was collected from making sales
Beginning and ending accounts receivable are $75,000 and $41,000, respectively. Sales for the period total $383,000, of which $39,000 was directly for cash. How much cash was collected from making sales and collecting accounts receivable?
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Using single exponential smoothing with α = 0.2 and a June forecast = 13, find the July forecast. Make whatever assumptions you wish. List these assumptions.
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