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(Part 1) Green Depot is a retailer that is preparing it's budget for the upcoming fiscal year. Management has prepared the following summary of its
(Part 1) Green Depot is a retailer that is preparing it's budget for the upcoming fiscal year. Management has prepared the following summary of its sales revenue y quarter 204 Quarter 3 Quarter 4 Quarter Budgeted Sales Revenue 220,000 330,000 240,000 150,000 85% of the sales revenue is collected in the quarter the sales are made and the remaining 15% is collected in the following quarter. On January qut of the current year, the company's balance sheet showed $25,000 in accounts receivable, all of which will be collected in the first quarter of the year. Bad debts are negligible and can be ignored
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