Question
1. The Stone Company makes all sales on account and had the following information available: Budgeted Sales March $13,200 April $15,000 May $10,000 June $12,700
1. The Stone Company makes all sales on account and had the following information available:
Budgeted Sales
March $13,200
April $15,000
May $10,000
June $12,700
The company expects to collect 80% of sales in the month of the sale, 15% in the month following the sale and 5% are never collected. What amount of cash collections would be budgeted for May?
2.
Which of the following is not included in the purchases budget?
Unit sales volume
Total cost of goods sold
please help and show work
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Principles Of Food Beverage And Labor Cost Controls
Authors: Paul R. Dittmer, J. Desmond Keefe III
9th Edition
0471783471, 978-0471783473
