Economy Good Fair Bad ABC Corporation made the following projections on its sales in the coming...
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Economy Good Fair Bad ABC Corporation made the following projections on its sales in the coming year, 2003: Projected units sold Required: Q1 74,000 50,000 40,000 Q2 92,000 80,000 50,000 Q3 80.000 70,000 45.000 Q4 102,000 90.000 60,000 Probability The unit sales price is expected to be constant at P20. All sales are made on credit. Receivables from customers are collected 60% in the quarter of sales, 30% in the quarter following sales, and 8% in the second quarter following sale. The remaining 2% is considered uncollectible. The account receivables balance on December 31, 2002 is estimated to be P640,000: 25% of which is coming from the 3rd quarter sales of 2003. Schedule 1. Budgeted sales in units and in pesos per quarter and for the year 2003. Schedule 2. Budgeted collections from customers per quarter and for the year 2003. 50% 30% 20% Economy Good Fair Bad ABC Corporation made the following projections on its sales in the coming year, 2003: Projected units sold Required: Q1 74,000 50,000 40,000 Q2 92,000 80,000 50,000 Q3 80.000 70,000 45.000 Q4 102,000 90.000 60,000 Probability The unit sales price is expected to be constant at P20. All sales are made on credit. Receivables from customers are collected 60% in the quarter of sales, 30% in the quarter following sales, and 8% in the second quarter following sale. The remaining 2% is considered uncollectible. The account receivables balance on December 31, 2002 is estimated to be P640,000: 25% of which is coming from the 3rd quarter sales of 2003. Schedule 1. Budgeted sales in units and in pesos per quarter and for the year 2003. Schedule 2. Budgeted collections from customers per quarter and for the year 2003. 50% 30% 20%
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Schedule 1 Budgeted sales in units and in pesos per quarter and for the year 2003 Economy Units Sold ... View the full answer
Related Book For
Advanced Accounting
ISBN: 978-0134472140
13th edition
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
Posted Date:
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