1. Sprincle Corp produce plastic garden sprinklers. The company preparing its budget. First step is to plan the monthly sales and cash receipt in coming August 2021 Price per unit $12 $12 $12 $12 $15 Moth Sales Unit January - 2020 February - 2020 1125 1025 March – 2020 1130 April – 2020 May – 2020 1125 1160 $15 $15 June – 2020 1250 July - 2020 August 2020 - July Forcast monthly sales Agust 21 1375 2020 – July 2021 Sprinkler likes to keep 10% of next month's unit sales in ending inventory. All sales are on credit. 85% of the accounts receivable are collected in the month of sale and 15% of the next month. Cash payment are discounted 2,5% 1. Prepare Selling budget and cash receipt : in units and revenue. Use at least 2 method estimation 2. Assumed ending inventory is 15% of last month sales, and January beginning inventory is 250 unit. Prepare production budget, based on your sales budget data in question problem number 1.
1. Sprincle Corp produce plastic garden sprinklers. The company preparing its budget. First step is to plan the monthly sales and cash receipt in coming August 2021 Price per unit $12 $12 $12 $12 $15 Moth Sales Unit January - 2020 February - 2020 1125 1025 March – 2020 1130 April – 2020 May – 2020 1125 1160 $15 $15 June – 2020 1250 July - 2020 August 2020 - July Forcast monthly sales Agust 21 1375 2020 – July 2021 Sprinkler likes to keep 10% of next month's unit sales in ending inventory. All sales are on credit. 85% of the accounts receivable are collected in the month of sale and 15% of the next month. Cash payment are discounted 2,5% 1. Prepare Selling budget and cash receipt : in units and revenue. Use at least 2 method estimation 2. Assumed ending inventory is 15% of last month sales, and January beginning inventory is 250 unit. Prepare production budget, based on your sales budget data in question problem number 1.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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answer first and second sub parts
please do it in excel
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