Raysun Inc, Sells micro solar panels for $1.99 each. The marketing department prepared the following semiannual forecast:
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Raysun Inc, Sells micro solar panels for $1.99 each. The marketing department prepared the following semiannual forecast:
January 30,000 panels
February . 38,000 panels
March 39,000 panels
April . 41,000 panels
May 43,000 panels
June 49,000 panels
Over the past few years Raysun Inc. has collected 25% of sales in the month of sale. 60 % in the month following the month of sale 14% in the second month following month of sale.
Required:
A. Prepare a monthly sale budgets for January through June. Includes a total column.
B. Prepare a monthly cash receipts budget for the second quarter (April, May and June). Include a total column.
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