Q1 calculation of budgeted cash collectionsthe patuxent

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Reference no: EM13356303

Q1. Calculation of budgeted cash collections.

The Patuxent Rail Company's sales for the next three months are as follows:

February	$165,000
March	$170,000
April	$155,000

Collection history for the company indicates that 60% of sales are collected in the month of the sale, 38% is collected in the following month, and 2% of sales are uncollectible.

Budgeted cash receipts for April are?

Q2. Calculation of budgeted purchases of raw materials.

Each unit produced by the Kinderware Company requires 6 pounds of raw materials. The company has 12,000 pounds of material on hand at the beginning of May. The raw materials inventory must be equal to 10% of the next month's production. Budgeted production for May and June are as follows:

May	20,000 units
June	25,000 units

Budgeted purchases of raw materials sales for May are?

Reference no: EM13356303

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