Normal cash collection experience has been that 50 of sales

Reference no: EM13590885

1. Beta company has developed the following sales projection for next year:

May $100,000
June 120,000
July 140,000
Aug 160,000
Sep 150,000
Oct 130,000

Normal cash collection experience has been that 50% of sales is collected during the month of sale and 45% in the month folloing the sale. The remaining 5% of sales is never collected. Beta's budgeted cash collections for the third calendar quarter are?

2. A company has budgeted sales for the upcoming quarter as follows:

Jan: 15,000
Feb: 18,000
March: 16,500

The ending finished goods inventory for each month equals 50% of the next months budgeted sales. Additionally, 3 pounds of raw materials is required for each finished unit produced. The ending raw materials inventory for each month equals 200% of the next month's production requirements. If the raw materials cost $4.00 per pound and must be paid for in the month purchased, the budgeted raw materials purchases for January are?

Reference no: EM13590885

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