Caba Corporation's sales budget for the first half of the year is as follows: Budgeted Sales...

 

 

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Caba Corporation's sales budget for the first half of the year is as follows: Budgeted Sales $ 115,000 January February March April May June Total: $ 198,000 $ 220,000 $ 250,000 $ 210,000 $ 290,000 $ 1,283,000 Sales are 30% cash and 70% on account. Sales on account are to be collected over a three-month period, with 20% collected in the month of the sale, 65% collected in the first month following the sale, and 15% collected in the second month following the sale. What is the budgeted balance in the Accounts Receivable account as of June 30? Reyes Merchandising Company has created the following sales forecast for the beginning of the upcoming fiscal year: January 15,400 February 18,500 March 16,200 April 17,600 Budgeted unit sales The company expects to start the year with 1,970 units in merchandise inventory. Management desires an ending merchandise inventory in each month equal to 15% of next month's budgeted unit sales. How many units of merchandise does Reyes expect to purchase for March? Caba Corporation's sales budget for the first half of the year is as follows: Budgeted Sales $ 115,000 January February March April May June Total: $ 198,000 $ 220,000 $ 250,000 $ 210,000 $ 290,000 $ 1,283,000 Sales are 30% cash and 70% on account. Sales on account are to be collected over a three-month period, with 20% collected in the month of the sale, 65% collected in the first month following the sale, and 15% collected in the second month following the sale. What is the budgeted balance in the Accounts Receivable account as of June 30? Reyes Merchandising Company has created the following sales forecast for the beginning of the upcoming fiscal year: January 15,400 February 18,500 March 16,200 April 17,600 Budgeted unit sales The company expects to start the year with 1,970 units in merchandise inventory. Management desires an ending merchandise inventory in each month equal to 15% of next month's budgeted unit sales. How many units of merchandise does Reyes expect to purchase for March?

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Caba Corporation To calculate the budgeted balance in the Accounts Receivable account as of June 30 we need to calculate the amount of sales made on a... View the full answer