Question
Budgets Use the data below to answer the questions: Electric Vehicle Battery sells each battery for $6400. For the quarter that ended June 2022, EVB
Budgets Use the data below to answer the questions: Electric Vehicle Battery sells each battery for $6400. For the quarter that ended June 2022, EVB expects to sell 110 batteries in April, 105 Batteries in May and 104 batteries in June. On average, 25 per cent of customers purchase on credit. EVB allow credit customers to pay for their purchases the month after they have made their purchases. Assume the sales for March were 100 batteries. Prepare sales budget and cash collection budget for the month of April, May and June.
What is the total sales budget for the month of April, May, and June? Insert your final answer here:
How much cash did EVB collect in the month of April? Insert your final answer here:
How much cash did EVB collect in the month of May? Insert your final answer here:
How much cash did EVB collect in the month of June? Insert your final answer here:
Round your final answers to two decimal places. Do not insert units, dollar signs ($), percentage signs (%), spaces, brackets () and commas (,) in your final answer.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started