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Prepare the cash collections budget for the first quarter

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Reference no: EM132590276

S. Company produces the product X, the data related to sales as follows:

                                            Dec                   Jan                       Feb                          Mar

Sales units                  20000               30000               400000                 50000

Unit selling price              $ 10                     20                  20                      20

Required:

Question 1- Prepare the Sales Budget for the first quarter:

Question 2- If the collections policy including Monthly sales collected as following

a. 30% collected cash at the same month of sale

b. The credit sales collected equally in the two months following the month of sale

Prepare The cash collections budget for the first quarter

Reference no: EM132590276

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