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only need answer for question 2 1. Sales Budget Camois Corporation estimates the unit sales for 2021 to be: Units sold Q1 24,000 Q2 31,000
only need answer for question 2
1. Sales Budget Camois Corporation estimates the unit sales for 2021 to be: Units sold Q1 24,000 Q2 31,000 03 28,000 04 Year 35,000 118,000 The company expects to sell its goods for $120 per unit. Required: a.) Prepare a sales budget for the year. 2. Cash Collections Budget Continuing with the same example, Camois Corporation expects to collect 70% of sales in the quarter of the sale, and 30% in the quarter following the sale. The company's beginning accounts receivable was $540,000, all of which was expected to be collected in the first quarter. Required: Prepare a schedule of expected cash collections for the year. Also, calculate the ending accounts receivable Step by Step Solution
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