Prepare sales budget for the last three months of the year

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Reference no: EM131213782

Maid company sells a single product for $12 per unit. Sales estimates (in units) for the last four months of the year are as follows: September 50,000 units

October 55,000 units

November 45,000 units

December 50,000 units

Ninety per cent of maid's sales are credit sales, and it expects to collect each account receivable 15 days after the related sale. Assume that all months have 30 days.

Required: Prepare a sales budget for the last three months of the year, including estimated collections of account receivable.

Reference no: EM131213782

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