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PT2)

Jasper Company has sales on account and for cash. Specifically, 64% of its sales are on account and 36% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $532,000 for April, $542,000 for May, and $567.000 for June. The beginning balance of Accounts Receivable is $304,000 on April 1. Prepare a schedule of budgeted cash receipts for April, May, and June. April May June Cash sales Sales on account 36% B4% Total sales May June JASPER COMPANY Schedule of Cash Receipts For April, May, and June April Cash receipts from Cash salon Collection of accounts receivable Total budgeted cash receipts Elue Wave Co. predicts the following unit sales for the coming four months: September, 3,200 units: October, 4,900 units; November, 5.400 units; and December, 7,600 units. The company's policy is to maintain finished goods inventory equal to 60% of the next month's sales. At the end of August, the company had 2,000 finished units on hand. Prepare a production budget for each of the months of September October, and November Blue Wave Co. Production Budget September, October and November September October Next month's budgeted sales (units) % November % Units to be produced