Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

using the numbers provided, can you help me with the sales budget & cash collections with formulas 15 16 Budgeting Assumptions 17 Yang Corp. 18

using the numbers provided, can you help me with the sales budget & cash collections with formulas
image text in transcribed
image text in transcribed
15 16 Budgeting Assumptions 17 Yang Corp. 18 \begin{tabular}{|c|} \hline Budgeting Assumptions \\ \hline \end{tabular} 19 First Year of Operations - 2024 20 21 Quarterly Sales Budget 22 Budgeted Sales in Units 23 Unit Selling Price 24 Percentage of sales collected in the quarter of sale 25 Percentage of sales collected in the quarter after sale Each Quarter 26 27 Quarterly Merchandise Burchases Budget 28 Cost of each unit 29 Desired Ending Merchandise Inventory in units \begin{tabular}{|lr|} \hline 5 & 500 \\ \hline & 4 \\ \hline \end{tabular} Quarterly SGRA Expense Budgat Variable SG\&A expense per unit Fixed SG\&A Expenses per quarter: Advertising Owner/Operator Salary Insurance Headquarters Rent Deprociation Property Tax \begin{tabular}{|lr|} \hline 5 & 500 \\ \hline \end{tabular} Cepital Expenditures Budget Purchases of fixed assets \begin{tabular}{|lr|} \hline S & 20,000 \\ \hline S & 96,000 \\ \hline S & 3,000 \\ \hline S & 15,000 \\ \hline S & 10,000 \\ \hline S & 750 \\ \hline \end{tabular} \begin{tabular}{|ll|} \hline & 250 \\ \hlineS & 400 \\ \hline & 65% \\ \hline & 35% \\ \hline \end{tabular}

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Logistics Audit Methods Organization And Practice

Authors: Piotr Buła, Bartosz Niedzielski

1st Edition

1032461268, 978-1032461267

More Books

Students explore these related Accounting questions