Preparing Operating Budget

Dunbar Company manufactures drinking glasses. One unit is a package of 8 glasses, which sells for $20. Dunbar projects sales for April will be 3. 000 packages, with sales increasing by 100 packages per month for May, June, and July. On April 1, Dunbar has 250 packages on hand but desires to maintain an ending inventor) of 10% of the next month's sales. Prepare a sales budget and a production budget for Dunbar for April, May, and June. Cramer Company projects the following sales for the first three months of the year: $12, 500 in January; SI3, 240 in February; and $14, 600 in March. The company expects 70% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. Prepare a schedule of cash receipts for Cramer for January, February, and March. What is the balance in Accounts Receivable on March 31?Prepare a revised schedule of cash receipts if receipts from sales on account are 60% in the month of the sale, 30% in the month following the sale, and 10% in the second month following the sale. What is the balance in Accounts Receivable on March 31 ? Dunbar Company manufactures drinking glasses. One unit is a package of 8 glasses, which sells for $20. Dunbar projects sales for April will be 3. 000 packages, with sales increasing by 100 packages per month for May, June, and July. On April 1, Dunbar has 250 packages on hand but desires to maintain an ending inventor) of 10% of the next month's sales. Prepare a sales budget and a production budget for Dunbar for April, May, and June. Cramer Company projects the following sales for the first three months of the year: $12, 500 in January; SI3, 240 in February; and $14, 600 in March. The company expects 70% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. Prepare a schedule of cash receipts for Cramer for January, February, and March. What is the balance in Accounts Receivable on March 31?Prepare a revised schedule of cash receipts if receipts from sales on account are 60% in the month of the sale, 30% in the month following the sale, and 10% in the second month following the sale. What is the balance in Accounts Receivable on March 31