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Required: 1. Prepare a master budget for the three-month period ending June 30. Include the following detailed budgets: a. A sales budget by month
Required: 1. Prepare a master budget for the three-month period ending June 30. Include the following detailed budgets: a. A sales budget by month and in total. Sales budget Budgeted sales in units Selling price per unit Total sales April May June Quarter b. A schedule of expected cash collections from sales, by month and in total. February sales March sales KNOCKOFFS UNLIMITED Schedule of Expected Cash Collections April May June Quarter April sales May sales June sales Total cash collections
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