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Al Marwan pharmaceutical Company is a manufacturer and seller of pharmaceutical products. Information on actual and projected sales in units is given below for the
Al Marwan pharmaceutical Company is a manufacturer and seller of pharmaceutical products. Information on actual and projected sales in units is given below for the Use this information to answer all parts of question one. Required: 1. Prepare a Sales budget in units and dirham for the months of July to September 2019 and for the quarter in total. The selling price per unit is AED 50. 2. Assume that the company collects 60% of its sales in the month of the sale, 40% in the month following the sale. Prepare a Cash Receipts schedule for 3 months ending September 2019 and total for the quarter of 2019. Accounts Receivable balance as of June 30, 2019 was AED 240,000
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