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This is question #5. I need the answers showing step by step everything and as clear and concise on the whole thing and what the
This is question #5. I need the answers showing step by step everything and as clear and concise on the whole thing and what the final answer/ solution is for each one is. I'll need to put this on a Word Document, so please make sure it fits the criteria so I can put all the steps and the solution onto a Word Document. No Excel Tables or any tables, no graphs. All in written/text form so I can copy and paste. Please do it as fast as you can, and would greatly appreciate it. Thank you so much, Yaakov V. Question #5) 12% of total grade. XYZ Corporation is preparing a master budget for 2020. Sales for the year are expected to total 1,200,000 units. Quarterly sales in units are 20%,25%,30%, and 25% respectively. The sales price is expected to be $50 per unit for the first 3 quarters and $55 per unit beginning in the fourth quarter. Sales in the first quarter of 2021 are expected to be 10% higher than the budgeted sales volume for the first quarter of 2020. Cash collections from sales are 60% in the quarter of sale, 30% in the following quarter and 8% in the second quarter after sale. Prepare a cash inflows schedule for the third quarter 2020
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