Assume a company’s estimated sales is 20,000 units. Its desired ending finished goods inventory is 4,000 units, and its beginning finished goods inventory is 2,000 units. What is the required production in units?

Assume a company is preparing a budget for its first two months of operations. During the first and second months it expects credit sales of $50,000 and $60,000, respectively. The company expects to collect 40% of its credit sales in the month of the sale and the remaining 60% in the following month. What amount of cash collections from credit sales would the company include in its cash budget for the second month?

Answer rating: 100% (QA)

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