Maplehaven Sporting Goods Store has the following sales budget: Suppose June sales are expected to be $80,000

Question:

Maplehaven Sporting Goods Store has the following sales budget:

MAPLEHAVEN SPORTING GOODS STORE Sales Budget April-July April-July June May July 51,200 s April Total $ 40,800 S 64,000

Suppose June sales are expected to be $80,000 rather than $64,000.
Requirement
1. Revise Maplehaven€™s salesbudget.

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Financial and Managerial Accounting

ISBN: 978-0132497978

3rd Edition

Authors: Horngren, Harrison, Oliver

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Question Posted: Dec 16, 2011 03:37 AM

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Maplehaven Sporting Goods Store has the following sales budget: Suppose June sales are expected to be $80,000

Question:

MAPLEHAVEN SPORTING GOODS STORE Sales Budget April-July April-July June May July 51,200 s April Total $ 40,800 S 64,000 $ Cash sales, 80% 40,800 Credit sales, 20% 10,200 16,000 12,800 10,200 Total sales, 100% S 51,000 $ 80,000 S 64,000 S 51,000 $ 246,000

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