Alexander Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $904,000 in
Question:
20% in the month of the sale
65% in the month after the sale
10% two months after the sale
5% are never collected
Requirements
1. Prepare a sales budget for all four months, showing the breakdown between cash and credit sales.
2. Prepare a cash collection budget for December and January. Round all answers up to the nearest dollar.
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Req 1 Sales Budget Alexander Reeds Sales Budget October November December January Cash ...View the full answer
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