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Beatrice Company estimates that unit sales of its lawn chairs will be 8,000 in October, 8,500 in November; and 9,400 in December. Compute Beatrice's sales
Beatrice Company estimates that unit sales of its lawn chairs will be 8,000 in October, 8,500 in November; and 9,400 in December. Compute Beatrice's sales budget for the fourth quarter assuming each unit sells for $28.00. October November December 4th Quarter Budgeted Sales Revenue Getty Company expects sales for the first three months of next year to be $200,000, $265,000 and $280,000, respectively. Getty expects 40 percent of its sales to be cash and the remainder to be credit sales. The credit sales will be collected as follows: 10 percent in the month of the sale and 90 percent in the following month Compute a schedule of Getty's cash receipts for the months of February and March February March Budgeted Cash Receipts
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