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MM Company is preparing budgets for the quarter ending June 30 th . Budgeted sales for the next five months are: 20,000 units 50,000 units
MM Company is preparing budgets for the quarter ending June 30th.
- Budgeted sales for the next five months are:
- 20,000 units
- 50,000 units
- 30,000 units
-
- 25,000 units
-
- 15,000 units
- The selling price is $10 per unit.
- The collection pattern is 70% collected in the month of sale, 25% collected in the month following sale and 5% bad debt
- 31 March accounts receivable balance of 30000 will be collected in full.
- Paper the sales budget
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