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SuperTech Battery a rapidly growing distributor of battery manufacturers, is formulating its plans for 2 0 1 8 . The planning department of the firm
SuperTech Battery a rapidly growing distributor of battery manufacturers, is formulating its
plans for
The planning department of the firm has completed the revenue budget presented here.
Super Tech Battery Ltd
Budgeted Revenues in thousands
The accountant in the Planning and Budgeting Department is responsible for preparing the
cashflow projection. The following information is to be used in preparing the cash flow
projection:
a Super Tech Battery's excellent record in accounts receivable collection is expected to
continue: of billings are collected the month after the sale and the remaining
months after.
b The purchase of electronic components is Utility Ltds largest expenditure and is
estimated to be of revenues. Utility Ltd receives of the parts month prior
to the sale and during the month of sale.
Prepare Cash collection schedule and Cash payments schedule for the sale and purchase of products. Do the calculations in excel, attach excel screenshot and explain the steps and formulas on how to do it
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