Question
the selling price of the companys product $24 per unit. management expects to collect 75% of sales in the quarter in which the sales are
the selling price of the companys product $24 per unit. management expects to collect 75% of sales in the quarter in which the sales are made , 20% in the following quarter, and 5% of sales are expected to be uncollectible. the beginning balance of accounts recieveable , all of which is expected to be collected in the first quarter, $73,200. PLEASE HELP
the company expects to start the first quarter with 2500 units in finished goods inventory, management desired an ending finished goods inventory in each quarte equal to 20% of the next quarters budgeted sales. the desired ending finished goods inventory for the fourth quarter is 2,700 units.
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