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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 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.
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