Please help me

Parksville Ltd. produces and sells Greentree. The selling price of Greentree is $55 per unit. The following information is an extract from the sales forecast report - Aug Sept Oct Sales forecast (No of units) 17.000 21,000 25,000 Parksville expects that 80% of its sales will be collected in the month in which the sales is made and the remaining 20% will be collected 1 month following the sales. Required: (a) Compute the following (show workings using a sales budget or other means) (1) Budgeted Sales Revenue (S) for the month of Sept 2021. (ii) Aug sales revenue expected to be collected in the month of Sept 2021. (iii) Expected Total cash collections for the month of Sept 2021. (iv) Expected Total cash collections for the month of Oct 2021. |