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policies and trends, along with relevant information from the sales department, as follows. Sales volume is expected as follows: April, 6 2 5 units; May,
policies and trends, along with relevant information from the sales department, as follows.
Sales volume is expected as follows: April, units; May, units; June, units; and July, units.
Average selling price is expected to be $ per unit.
Historically, of each month's sales are cash sales.
sales go uncollected.
The AR balance on March was $ reflecting the remaining collectible amount from March credit sales.
Required
a Help Tanner prepare the sales forecast for Quarter outlining amounts for each month and for the quarter overall
b Prepare the Quarter schedule of cash receipts outlining amounts for each month and for the quarter overall
c Determine the collectible or net AR balance at the end of Quarter
d How will Tanner's work on the above components assist his supervisor with the budgeted balance sheet for the same period?
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