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Problem 4. A company has just prepared its master budget for the year 2022. some of the information used in the preparation of such budget
Problem 4. A company has just prepared its master budget for the year 2022. some of the information used in the preparation of such budget is as follows: V\" Budgeted sales {in PHP]: hangars ______________________________________________ I480 Febmawz MarchE ____________________ l n I 5 ...@...i _____________________________________________________ 5 99.999 ___________________ I MarET ___________________ I c.4935? __________________________________________________ Im V\" 203%. of total sales is cash sales. The collection pattern for the sales and credit is as follows: 39% in the month of sale, 40% in the month after the month of sale, 25% in the second month after the month of sale V\" Gross margin rate is east. of sales J Accounts payable arising from merchandise purchases is paid for in the months following the purchase if\" The company desires an inventory at the end of each month equal to SIDE-E of the next month sales in units V\" The variable operating expenses [other the cost of goods sold} are 10% of sales and are paid for in the month following the sale if\" The annual xed operating expenses are as follows {in PHP}: Depreciation, SSE-I000; Advertising, ST; Insurance, 144,000; Salaries, 864,600; Real property taxes, 192.0% I All the xed operating expenses are in curd uniformly throughout the year. Cash fixed operating expenses are paid in the month of incurrence, except for - Insurance - Paid quarterly in January, April, and July - Real property taxes Paid twioe a year in April and October
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