Backpack Pro's has budgeted sales in units for the second quarter of the year as follows...

 

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Backpack Pro's has budgeted sales in units for the second quarter of the year as follows Sales (Units) April 100,000 Units Required May 80,000 Units June 120,000 Units All units are sold on account for $10 each Cash collections from sales are budgeted at 60% in the month of sale, 30% in the month following the month of sale, and the remaining 10% in the second month following the month of sale. Accounts receivable on April 1 totalled $500,000 (890,000 from February's sales and the remainder from March) a) Prepare a schedule for each month snowing pudgeted sales for Backpack Pros b) Prepare a schedule for each month showing budgeted cash receipts for Backpack Pros Backpack Pro's has budgeted sales in units for the second quarter of the year as follows Sales (Units) April 100,000 Units Required May 80,000 Units June 120,000 Units All units are sold on account for $10 each Cash collections from sales are budgeted at 60% in the month of sale, 30% in the month following the month of sale, and the remaining 10% in the second month following the month of sale. Accounts receivable on April 1 totalled $500,000 (890,000 from February's sales and the remainder from March) a) Prepare a schedule for each month snowing pudgeted sales for Backpack Pros b) Prepare a schedule for each month showing budgeted cash receipts for Backpack Pros

Answer rating: 100% (QA)

a Schedule of Budgeted sales April May June Sales Units 100000 80000 120000 Selling price per unit 1... View the full answer