Question 1:<\/p>
<\/p>
The sales budget for the first quarter as follows:<\/p>
Jan Feb Mar<\/p>
Sales $ 100,000 150,000 50,000<\/p>
Required:<\/p>
Prepare the Cash Collections Budget from sales if the cash sales are equal 40% of the total sales and<\/p>
the credit sales are equal to 60%, and all credit sales are collected in the next month following the month<\/p>
of sale, and The credit sales for Dec, was equal $ 10,000, 10% uncollectible from the credit sales<\/p>
<\/p>
Question 2:<\/p>
S. Company produces the product X, the data related to sales as follows:<\/p>
Dec Jan Feb Mar<\/p>
Sales units 20000 30000 40000 50000<\/p>
Unit selling price $ 10 20 20 20 <\/p>
<\/p>
Required:<\/p>
1- Prepare the Sales Budget for the first quarter:<\/p>
2-If the collections policy including<\/p>
Monthly sales collected as following<\/p>
a. 30% collected cash at the same month of sale<\/p>
b. The credit sales collected equally in the two months following the month of sale<\/p>
Prepare<\/p>
The cash collections budget for the first quarter<\/p>", "transcribed_text": "", "related_book": { "title": "Principles Of Finance", "isbn": "979-8439388899", "edition": "1st Edition", "authors": "Julie Dahlquist, Rainford Knight", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/6290aa2348f9a_11251.jpg", "uri": "\/textbooks\/principles-of-finance-1st-edition-9798439388899", "see_more_uri": "" }, "free_related_book": { "isbn": "0071821597", "uri": "\/textbooks\/mcgraw-hill-education-500-questions-to-know-by-test-day-gre-verbal-1st-edition-9780071821599-9780071819640", "name": "McGraw Hill Education 500 Questions To Know By Test Day GRE Verbal", "edition": "1st\u00a0Edition" }, "question_posted": "2024-06-29 02:05:23", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/the-bent-rod-abde-is-supported-by-ball-and-socket-joints-at", "description": "The bent rod ABDE is supported by ball-and-socket joints at A and E and by the cable DF. If a 600-N load is applied at C as shown, determine the tension in the cable. 80 mtft 70 m 90 mm 600 N 110 mm...", "stars": 3 }, { "url": "\/study-help\/biostatistics\/what-are-the-null-and-alternative-hypotheses-in-the-test-1981397", "description": "What are the null and alternative hypotheses in the ????-test summarized in the ANOV table?", "stars": 3 }, { "url": "\/suppose-you-own-stock-in-a-company-the-current-price", "description": "Suppose you own stock in a company. The current price per share is $25. Another company has just announced that it wants to buy your company and will pay $35 per share to acquire all the outstanding...", "stars": 3 }, { "url": "\/study-help\/questions\/following-are-the-budgeted-income-statements-for-the-second-quarter-9858865", "description": "Following are the budgeted income statements for the second quarter of 2022 for SeaTech Incorporated: * Includes all product costs (i.e., direct materials, direct labor, and manufacturing overhead)....", "stars": 3 }, { "url": "\/study-help\/questions\/discussion-question-your-goal-is-to-have-1000000-in-20-5962165", "description": "Discussion Question: Your goal is to have $1,000,000 in 20 years in an investment account that is available for you to withdraw starting 21st year. To that end, you are evaluating multiple options....", "stars": 3 }, { "url": "\/study-help\/questions\/vignette-assumption-when-completing-the-vignettes-there-is-a-vignette-1397688", "description": "Vignette Assumption When completing the vignettes, there is a vignette assumption. That is, when reading assume that a full assessment has been done and no mention means 'no evidence'. This is the...", "stars": 3 }, { "url": "\/study-help\/questions\/1-the-following-diagram-shows-a-glancing-collision-of-mass-4825711", "description": "1. The following diagram shows a glancing collision of mass 1 and mass 2. Assume that the masses are the same and the surface has no friction. Before Collision After Collision horizontal Mass 2 axis...", "stars": 3 }, { "url": "\/study-help\/questions\/name-3-things-that-pals-restaurant-did-that-made-them-1005201", "description": "Name 3 things that Pals restaurant did that made them a unique fast food restaurant.", "stars": 3 }, { "url": "\/study-help\/questions\/lippman-company-is-evaluating-a-proposal-to-purchase-a-new-1001833", "description": "Lippman Company is evaluating a proposal to purchase a new piece of equipment. The cost of the equipment would be $65,325 and the company expects the investment would generate annual cash flows of...", "stars": 3 }, { "url": "\/study-help\/questions\/428-a-let-xt-have-the-fourier-transform-xjw-and-868242", "description": "4.28. (a) Let x(t) have the Fourier transform X(jw), and let p(t) be periodic with funda- mental frequency wo and Fourier series representation p(t)=aef 8118 Determine an expression for the Fourier...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/low-method-problem-using-excel-to-determine-a-cost-equation-4445173", "next": "\/study-help\/questions\/harris-company-manufactures-and-sells-a-single-product-a-partially-4445175" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": "Question 1: The sales budget for the first quarter as follows: Jan", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/question-1-the-sales-budget-for-the-first-quarter-as-4445174" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } }d": "1" } }