Question
Budgeted sales revenue for the coming five months is as follows: Month Sales revenue August $175,000 September $185,000 October $190,000 November $145,000 December $105,000 You
Budgeted sales revenue for the coming five months is as follows:
| Month | Sales revenue |
| August | $175,000 |
| September | $185,000 |
| October | $190,000 |
| November | $145,000 |
| December | $105,000 |
You estimate that you will collect 40% of sales revenue in the month of sale, 40% in the following month, 15% two months after the sale, and the remaining 5% three months after the sale. Required: Compute budgeted cash inflows for November and December.Budgeted sales revenue for the coming five months is as follows:
| Month | Sales revenue |
| August | $175,000 |
| September | $185,000 |
| October | $190,000 |
| November | $145,000 |
| December | $105,000 |
You estimate that you will collect 40% of sales revenue in the month of sale, 40% in the following month, 15% two months after the sale, and the remaining 5% three months after the sale. Required: Compute budgeted cash inflows for November and December.
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Learning From Collaborative Audit
Authors: Higher Education Quality Council
1st Edition
1858242312, 978-1858242316
