Question: managerial accounting Group assignment Type here to search Question 2 of 6 I Waterways Corporation is preparing its budget for the coming year, 2022. The
Group assignment Type here to search Question 2 of 6 I Waterways Corporation is preparing its budget for the coming year, 2022. The brst step is to plan for the best quarter of that coming year Waterways gathered the following information from the managers Sales Unit sales for November 2021 113,000 Unit sales for December 2021 101.000 Expected unit sales for January 2022 114.000 Expected unit sales for February 2022 111.000 Expected unit sales for March 2022 117,000 124,000 Expected unit sales for April 2022 Expected unit sales for May 2022 139,000 Unit selling price $12 Waterways likes to keep 10% of the next month's unit sales in ending inventory. All sales are on account 85% of the Accounts Receivable are collected in the month of sale, and 15% of the Accounts Receivable are collected in the month after sale. Accounts receivable on December 31, 2021, totaled $181,800 Direct Materials 140 Cloudy04NG 421 Group assignment Type here to search Question 2 of 6 I Waterways Corporation is preparing its budget for the coming year, 2022. The brst step is to plan for the best quarter of that coming year Waterways gathered the following information from the managers Sales Unit sales for November 2021 113,000 Unit sales for December 2021 101.000 Expected unit sales for January 2022 114.000 Expected unit sales for February 2022 111.000 Expected unit sales for March 2022 117,000 124,000 Expected unit sales for April 2022 Expected unit sales for May 2022 139,000 Unit selling price $12 Waterways likes to keep 10% of the next month's unit sales in ending inventory. All sales are on account 85% of the Accounts Receivable are collected in the month of sale, and 15% of the Accounts Receivable are collected in the month after sale. Accounts receivable on December 31, 2021, totaled $181,800 Direct Materials 140 Cloudy04NG 421
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