Assume that the firm is expecting to have the following quarterly unit sales with a price...
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Assume that the firm is expecting to have the following quarterly unit sales with a price of P85: 5,000 Second Quarter 5,500 Third Quarter First Quarter 6,000 Fourth Quarter 6,500 50% of which are collected at the same month and the remaining 30% will be collected next quarter and the 20% on the next 2 quarters. Assume further that their ending inventory will be 25% of the next quarter's units and for the fourth quarter they had 1,300 units left. There is an aecounts receivable recorded amounting to P350,000 GGG Company Sales Budget For the Year Ended December 31, 2022 Quarter 3 Total Expected sales in units Unit Sales Price 5,000 85 425,000 Schedule of Expected Cash Collections 5,500 85 467,500 6,000 85 510,000 6,500 85 552,500 23,000 85 1,955,000 Total Sales 2 3 Total Accounts Reccivable First Quarter 1. Second Quarter Third Quarter Fourth Quarter P350,000 P350,000 127,500 2. 3. 85,000 4. 233,750 93,500 153,000 5. 6. 276,250 7. Total Cash Collection 8. P361,250 P522,750 10. GGG Company Production Budget For the Year Ended December 31, 2022 Quarter 3 Total Budgeted Sales Volume Add: Desired Ending Inventory 11. 5,000 5,500 13. 6,000 15. 6,500 17. 23,000 19. Units Available for Sale 12. 14. 16. 18. 20. Less: Beginning Inventory Required Production Units 21. 22. 23. 24. 25. 5,125 5,625 6,125 6,175 26. Assume that the firm is expecting to have the following quarterly unit sales with a price of P85: 5,000 Second Quarter 5,500 Third Quarter First Quarter 6,000 Fourth Quarter 6,500 50% of which are collected at the same month and the remaining 30% will be collected next quarter and the 20% on the next 2 quarters. Assume further that their ending inventory will be 25% of the next quarter's units and for the fourth quarter they had 1,300 units left. There is an aecounts receivable recorded amounting to P350,000 GGG Company Sales Budget For the Year Ended December 31, 2022 Quarter 3 Total Expected sales in units Unit Sales Price 5,000 85 425,000 Schedule of Expected Cash Collections 5,500 85 467,500 6,000 85 510,000 6,500 85 552,500 23,000 85 1,955,000 Total Sales 2 3 Total Accounts Reccivable First Quarter 1. Second Quarter Third Quarter Fourth Quarter P350,000 P350,000 127,500 2. 3. 85,000 4. 233,750 93,500 153,000 5. 6. 276,250 7. Total Cash Collection 8. P361,250 P522,750 10. GGG Company Production Budget For the Year Ended December 31, 2022 Quarter 3 Total Budgeted Sales Volume Add: Desired Ending Inventory 11. 5,000 5,500 13. 6,000 15. 6,500 17. 23,000 19. Units Available for Sale 12. 14. 16. 18. 20. Less: Beginning Inventory Required Production Units 21. 22. 23. 24. 25. 5,125 5,625 6,125 6,175 26.
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Answer Solution Schedule of Expected Cash Collection 1 2 3 4 Total Accounts Receivable 350000 350000 ... View the full answer
Related Book For
Fundamentals of Multinational Finance
ISBN: 978-0205989751
5th edition
Authors: Michael H. Moffett, Arthur I. Stonehill , David K. Eiteman
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