Womation pering to Colecion Corporales revenue and the November $164.000 195,000 $ 480,000 January 186,000 Cathas Credit ales Total sales December $133,000 450.000 $.591,00 5128,000 Managements that of creates are very collecte of the collectible credit sales are thely to be collected in the month of sale and meer in memohowing me month of The company desires to begin winter to 70% of the wested for the month. All purchases of inventory women account will be paid in the month of chase and the veranderd in morfollowing the month of the Purchase costs we approximate 50% of the ances Total budget collection by Collection Corpore onnon perting to Collection Corporations serveis presented below Cash sales Credit sales Total sales Nov 5 100.000 296.00 $400, December $ 133,000 65.000 5.591,000 $ 14,000 243.000 $35.000 Management states that of every colectie of the colectible credit scos y to be collected on and there The company desire to benchmart with an inventory equal to 70% ofte se poded for the month Aphro verone account step of purchase semander paid the month following the month of purchase Purchase conserwys of these Total budgeted cash corection by Cotection Corpore Mng lu UGH 5646 . o o 35337 1430640 Information pertaining to Collection Corporation's sales revenue is presented below: Cash sales Credit sales Total sales November $184,000 296,eee $ 400.000 December $ 133, eee 458,000 5.591,000 January $ 86,eee 242,000 $ 328,000 Management estimates that of credit sales are eventually uncollectible of the collectible credit sales. 60% are likely to be collected in the month of sale and the eminder in the month following the month of sale. The company desires to begin each month with an inventory equal to 70% of the sales projected for the month, All purchases of Inventory are on open account: 30% will be paid in the month of purchase, and the remainder paid in the month following the month of purchase Purchase costs are approximately 50% of the selling prices Total budgeted cash collections in January try Collection Corporation are: Information pertaining to Collection Corporation's sales revenue is presented below: Cash sales Credit sales Total sales November $ 104,000 296, eee $ 400,eee December $ 133,000 458, eee $ 591,600 January $ 86,eee 242, eee $ 328,000 Management estimates that 5% of credit sales de eventually uncollectible of the collectible credit sales, 60% are likely to be collected in the month of sale and the remainder in the month following the month of sale. The company desires to begin each month with an inventory equal to 70% of the sales projected for the month All purchases of inventary are on open account 30% will be paid in the month of purchase, and the remainder paid in the month following the month of purchase Purchase costs are approximately 50% of the selling prices Total Budgeted cach collections in January by Collection Corporation aver: MCC SA
