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The sales budget for Green Corporation for the last six months of 2016 is shown below: The sales budget for Green Corporation for the last

The sales budget for Green Corporation for the last six months of 2016 is shown below:

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The sales budget for Green Corporation for the last six months of 2016 is shown below: Month Jul Aug Sep Oct Nov Dec Sales revenue $90,000 $80,000 $120,000 $180,000 $210,000 $190,000 Past experience has shown that 20% of sales each month are for cash, and the balance is on credit. Green Corporation expects that 35% of the credit sales will be collected in the month of the sale, 55% will be collected in the month following the sale and the remaining 10% of the credit sales will be collected in the second month after the sale. The company does not expect any bad debt. Calculate the budgeted total cash collection for November and the budgeted total cash collection for December in 2016. What will be the balance in accounts receivable at December 31, 2016?Collections per Month Nov Dec Cash sales Sept credit sales $96,000 Oct credit sales $144,000 Nov credit sales $168,000 Dec credit sales $152,000 T-1-L Path: table Company policy is to have 15% of the next month's budgeted sales in ending inventory. The budgeted sales price per unit for 2016 was $10 per unit. Prepare the production budget for Green Corporation for September and October in 2016.Aug Sept Oct Nov Sales budget in dollars $120,000 $180,000 $210,000 Sales price per unit $10 $10 $10 Sales in units 21,000 Add: Desired Ending Inventory 1,800 Less: Beginning Inventory Units to be produced

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