Question
Dolce Co. estimates its sales at 180,000 units in the first quarter and that sales will increase by 18,000 units each quarter over the year.
Dolce Co. estimates its sales at 180,000 units in the first quarter and that sales will increase by 18,000 units each quarter over the year. The budgeted sales price per unit is $25. All of Dolces sales are credit sales for which 70% is received within the quarter the sale is made. The remainder is received in the quarter following sale. Dolce desires a 25% ending inventory of finished goods. a. The Total Budgeted Sales Revenue for the second quarter are $ . b. Dolces expected CASH collections from credit sales in the third quarter are . c. Dolces Production Budget for the third quarter will show Units to be Produced (production requirements).
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