It is January of Year Company sales for January, February, and March are forecasted as follows:

January: $

February: $

March: $

Seventy percent of sales are credit sales, and the remaining of sales are cash sales. Of these credit sales, are collected during the month of sale, in the following month, in the second following month, and

are never collected. 

 

Total sales for November and December of Year were $ and $ respectively.

What is the expected amount of total cash collections from sales in March?

$

$

$

$

On September of Year a company had finished goods inventory of units. Starting in October, the company intends to have an inventory policy of maintaining ending inventory at the end of every month equal to of next month\'s sales.

The forecasted sales for the months October, Year through January, Year are as follows:

October units

November units

December units

January units

What is the amount of budgeted production units for October?

$$

Answer rating: 100% (QA)

To find the expected amount of total cash collections from sales in March we first need to calculate ... View the full answer