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The statement of financial posistion for Buttonhole Co at 31 March 20X0 shows the following:
Given the following information: Receivables pay, on average, after one and a half months. Trade payables are paid after two months. Sales and purchases are made at a constant rate throughout each month and from month to month. Determine the net cash flow attributable to the receivables and payables at 31 March 20X0 to be budgeted in May 20X0. The net cash flow attributable to the receivables and payables at 31 March 20X0, to be budgeted in May 20X0, is: $________ |