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The SILVER Company business produces and sells a seasonal product whose sales reach their maximum in the third quarter of the year. Information on the

image text in transcribed The SILVER Company business produces and sells a seasonal product whose sales reach their maximum in the third quarter of the year. Information on the below table reported of the budgeted information's next year and previous its first two quarters is included. SILVER COMPANT 2. year 3.year Budgeted Sales 1.c 2. 3.c 4.c LC 2c (units) 40.000 60.000 100.000 50.000 70.000 80.000 a. It produces a single product that sells the business unit for 8 tl. Budgeted sales information for the next 6 quarters are as follows table, all sales are on credit. b. 75% of the sales are collected in the quarter of the sale, and the remaining 25% are collected in the following quarter. At the beginning of the second year, the receivables of the enterprise are 65,000 lira and will be collected in the first quarter. d. e. f. 75% of the sales are collected in the quarter of the sale, and the remaining 25% are collected in the following quarter. At the beginning of the second year, the receivables of the enterprise are 65,000 TL and will be collected in the first quarter. As a stock policy, the company has adopted to keep 30% of the next period's sales at the end of each quarter. At the end of the first year, the business has 12,000 product stocks. It uses 5gr of raw material to produce a unit of product. As a raw material stock policy, the company has adopted a raw material stock of 10% of the next quarter's production requirement at the end of each quarter. At the end of the first year, the enterprise has 23,000 gr of raw material stock. The gram of raw material is 0.80 lira. All purchases are made on credit, 60% of the purchases are made, and the remaining 40% are paid in the following quarter. 2. At the beginning of the year, the debts of the enterprise are 81,500 TL and will be paid in the relevant period, A) Please prepare the below tables for SILVER Company (100 p) 1- Sales Budget (20 p) 2- Estimated COLLECTION Table /Schedule (20 p) 3 Production Budget (20 p) 4- Direct Materials Budget (20 p) 5- Estimated PAYMENT Table/Schedule (20 p)image text in transcribed

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