Please help me to solve this problem, and give me the correct answer, thank you so much
Sales budgets in units and dollars | ||||||||
Jan | Feb | Mar | Quarter | |||||
Units sold | 1 | 7000 | 8000 | 12000 | 27000 | |||
Selling price per unit | 2 | 40 | 40 | 40 | ||||
Sales in $ | (1*2) | 280000 | 320000 | 480000 | 1080000 | |||
Cash collection budget | ||||||||
Jan | Feb | Mar | Quarter | |||||
Sales in $ | 280000 | 320000 | 480000 | 1080000 | ||||
Collection: | ||||||||
Account receivable balance from december | 396000 | 396000 | ||||||
45% in the month of sale | 126000 | 144000 | 216000 | 486000 | ||||
55% in the month following the month of sale | 154000 | 176000 | 330000 | |||||
Total | 522000 | 298000 | 392000 | 1212000 | ||||
Please help me to solve this problem, and give me the correct answer, thank you so...
This is all one question. Thank you, I will give you a thumbs up if correct! Waterways Corporation is preparing its budget for the coming year, 2020. The first step is to plan for the first quarter of that coming year. The company has gathered information from its managers in preparation of the budgeting process. Sales Unit sales for November 2019 Unit sales for December 2019 Expected unit sales for January 2020 Expected unit sales for February 2020 Expected unit...
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