Question
PART A:The company's collections for sales are as follows: 50% of a month's sales are collected in the month of sale, 30% are collected in
PART A:The company's collections for sales are as follows: 50% of a month's sales are collected in the month of sale, 30% are collected in the month following sale, and 15% are collected in the second month following sale. The remainder is uncollectible. There were no accounts receivables at end of September. Required: 1. What is the total amount of Accounts Receivable (A/R) at the end November and December? PART B: The following information relates to Etisalat Company for next quarter: January February March Expected sales (in units). 440,000 390,000 400,000 Desired ending finished goods inventory (in units) 28,000 30,000 35,000 1. How many units should Etisalat Company plan on producing for the month of February? QUESTION (5) Budgeted sales in Sharjah Company over the next four months are given below: Months Budgeted Sales October $100,000 November $160,000 December $180,000 PART A: The company's collections for sales are as follows: 50% of a month's sales are collected in the month of sale, 30% are collected in the month following sale, and 15% are collected in the second month following sale. The remainder is uncollectible. There were no accounts receivables at end of September. Required: 1. What is the total amount of Accounts Receivable (A/R) at the end November and December? PART B: The following information relates to Etisalat Company for next quarter: January February March Expected sales (in units). 440,000 390,000 400,000 Desired ending finished goods inventory (in units) 28,000 30,000 35,000 1. How many units should Etisalat Company plan on producing for the month of February
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