Assumptions: a) MYBABY Corporation wants to have a total of P1,800,000 Sales Budget for the year 2019. Of this budget, 15% is on Q1, 20% on Q2, 30% and 35% on Q3 and Q4 respectively. b) Sales Price for Q1 is P180.00. For the succeeding 2 quarters, sales price decreased by P15.00 every quarter. And for the Q4, sales price decreased by 20% from the preceding quarter. c) The Company would like to maintain 100 units in its ending inventory at the end of each month. d) Beginning inventory at the start of January amounts to 50 units. e) 2018's Q4 Accounts Receivable totaled P35,400. f) Cash Collections Percentage assumption for Q1 is 65% . On Q2 it will increase by 15%, will decline on Q3 by 10% and it will be the same percentage with Q3 on Q4.

Assumptions: a) MYBABY Corporation wants to have a total of P1,800,000 Sales Budget for the year 2019. Of this budget, 15% is on Q1, 20% on Q2, 30% and 35% on Q3 and Q4 respectively. b) Sales Price for Q1 is P180.00. For the succeeding 2 quarters, sales price decreased by P15.00 every quarter. And for the Q4, sales price decreased by 20% from the preceding quarter. c) The Company would like to maintain 100 units in its ending inventory at the end of each month. d) Beginning inventory at the start of January amounts to 50 units. e) 2018's Q4 Accounts Receivable totaled P35,400. f) Cash Collections Percentage assumption for Q1 is 65% . On Q2 it will increase by 15%, will decline on Q3 by 10% and it will be the same percentage with Q3 on Q4.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Similar questions

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