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5) 12% - XYZ Corporation is preparing a master budget for 2021. Sales for the year are expected to total 2,000,000 units. Quarterly sales in
5) 12% - XYZ Corporation is preparing a master budget for 2021. Sales for the year are expected to total 2,000,000 units. Quarterly sales in units are 30%,20%,30%, and 20% respectively. The sales price is expected to be $50 per unit for the first 3 quarters and $55 per unit beginning in the fourth quarter. Sales in the first quarter of 2022 are expected to be 10% higher than the budgeted sales volume for the first quarter of 2021. Cash collections from sales are 70% in the quarter of sale, 20% in the following quarter and 10% in the second quarter after sale. prepare a cash inflows schedule for the third quarter 2021
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