(a) next quarter. The following forecast sales for the year of 2021: Sakura Group has been engaged in the process of forecasting its financing needs over the Month Sales May June July August September October RM775,000 RM970,000 RM880,000 RM1,375,000 RM1,633,000 RM1,890,000 The company's sales of 40 percent is collected in the month of sales and the remaining balance will be collected in the following months after sales. Sakura's purchase raw material equal to 82 percent of sales and its makes purchases a month in advance of sales. 60 percent of purchases are cash, and 35 percent is paid in the following month and the remaining is never collected.
(a) next quarter. The following forecast sales for the year of 2021: Sakura Group has been engaged in the process of forecasting its financing needs over the Month Sales May June July August September October RM775,000 RM970,000 RM880,000 RM1,375,000 RM1,633,000 RM1,890,000 The company's sales of 40 percent is collected in the month of sales and the remaining balance will be collected in the following months after sales. Sakura's purchase raw material equal to 82 percent of sales and its makes purchases a month in advance of sales. 60 percent of purchases are cash, and 35 percent is paid in the following month and the remaining is never collected.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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