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i dont need explanation, just please answer quick! Trever Reods, a manufacturor of saxophone, oboen, and clarinet reeds, has projected sales to be $902,000 in
i dont need explanation, just please answer quick!
Trever Reods, a manufacturor of saxophone, oboen, and clarinet reeds, has projected sales to be $902,000 in October, 5958,000 in Nowomber, $1,045,000 in Docenber, an 5928,000 in January. Trever's sales are 30% cath and 70% crede. The compary's colisection history indicates that credit sales are collected as follown 25% in the month of the sale 60% in the month affer the sale 14% two months after the sale 1% are never collected Requirements 1. Prepare a salos budget for all four months, showing the breakdown between cash and credit salos 2. Prepare a cash collection budget for December and January Round all answors up to the nearest dellar. Requirement 1. Prepare a sales budget for all four months, showing the breakdown between cash and credit sales. Trever Reeds Sales Budget For the Four Months Ended Januarv equirement 2. Prepare a cash collection budget for December and January. Round all answers up to the nearest dollar. Trever Reeds Budgeted Cash Collections from Customers For the Months of December and January Requirement 2. Prepare a cash collection budget for December and January. Round all answers up to the Step by Step Solution
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