Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please use 1st photo inputs to complete the 3rd photo cash receipts budget. 2nd photo is done but may be necessary for some computations. please

image text in transcribed

image text in transcribed

image text in transcribed

please use 1st photo inputs to complete the 3rd photo cash receipts budget. 2nd photo is done but may be necessary for some computations. please show work. thank you

Sales Budget \begin{tabular}{|c|c|c|c|c|c|c|c|c|} \hline 2 & & & & & & & & \\ \hline 3 & & Quarter 1 & Quarter 2 & & Quarter 3 & & Quarter 4 & Year \\ \hline 4 & & r2 & & & & & & - \\ \hline 5 & Expected unit sales & 20,000 & 24,000 & & 28,800 & & 34,560 & 107,360 \\ \hline 6 & & & & & & & & \\ \hline 7 & Unit selling price & 50 & 50 & & 50 & & 50 & 50 \\ \hline 8 & & & & & + & & & \\ \hline 9 & Total sales & 1,000,000 & 1,200,000 & & 1,440,000 & & 1,728,000 & 5,368,000 \\ \hline 10 & & & & 3 & & & & \\ \hline 11 & & & & & +1 & log2 & & \\ \hline 12 & & 33= & & +1 & & 3= & = & \\ \hline \end{tabular} Cash Receipts Budget 1! 16 17 18 Accounts receivable, beginning 19 Quarter 1 sales Quarter 2 sales Quarter 3 sales Quarter 4 sales Total cash receipts

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing and Assurance services an integrated approach

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan

16th edition

978-0134075754, 134075757, 134065824, 978-0134065823

More Books

Students also viewed these Accounting questions

Question

=+Who are you right now, and where do you want to be?

Answered: 1 week ago