Hi-Value Products Company Is Creating an Operating Budget for the 3^rd

question 43

Essay

Hi-value Products Company is creating an operating budget for the 3^rd quarter and will begin with a sales budget. Budgeted sales are $100,000 in July, $120,000 in August, and $160,000 in September. 75% of sales are cash and 25% of sales are on account. Please use the following format and prepare a sales budget.
$\begin{array}{|l|l|l|l|}\hline \text { Sales Budget } & \text { Jul } & \text { Aug } & \text { Sep } \\\hline \text { Cash sales: } 75 \% & & & \\\hline \text { Credit sales: } 25 \% & & & \\\hline \text { Total sales } & & & \\\hline\end{array}$

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Bilingual Country

A country where two languages are officially recognized and widely used in government, education, and daily life.

Binational Country

A sovereign state that is recognized as having two distinct nationalities within its population or governance.

Institutionalized Multiculturalism

A policy or practice within institutions that promotes the recognition, appreciation, and support of cultural diversity.

Ethnic Identity

An individual's sense of belonging to a particular ethnic group, including aspects of culture, tradition, language, and religion.