Benton Company's sales budget shows the following expected total sales: Month Sales January $17,000 February $21,000 $26,000 $49,000 March April The company expects 80% of its sales to be on account (credit sales). Credit sales are collected as follows: 25% in the month of sale and 69% in the month following the sale, with the remainder being uncollectible and written off. The total cash receipts during April would be: Multiple Choice O O O $21,165. $35,200. $33,952. $25,725.

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Q: Vaughn Industries expects credit sales for January, February, and March to be $268,400, $317,200,…

A: Given, 75% of credit sales collected in month of sale 25% of credit sales will be collected in the…

Q: Browning Company's sales budget shows the following expected total sales: Month Sales $22,000…

A: The correct answer is $39,577.

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Q: Justin Company's budget includes the following credit sales for the current year: September,…

A: Answer:   $48,810

Q: Assume a company is preparing a budget for its first two months of operations. During the first and…

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Q: Marlin Company projects the follwoing sales for the first thre months of the year: $11500 in…

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Q: Benton Company's sales budget shows the following expected total sales: Month Sales $18,000 $37,000…

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Q: The Cash Sales for the next three months (January to March) been estimated as $ 40,000, $ 50,000,…

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Q: Markham Company has completed its sales budget for the first quarter of Year 2. Projected credit…

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Q: Graham Potato Company has projected sales of $10,200 in September, $13,500 in October, $20.200 in…

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Q: Markham Company has completed its sales budget for the first quarter of Year 2. Projected credit…

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Q: Alpha Company makes all its sales on account. The accounts receivable payment experience is as…

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Q: Benton Company's sales budget shows the following expected total sales: Month January February March…

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Q: Maraa Company's budget includes the following credit sales for the current year: August, $25,000;…

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Q: The following is the sales budget for Yellowhead Inc. for the first quarter of 2021: Sales January…

A: The problem asking to find the sales for November and December and the corresponding cash…

Q: Benton Company's sales budget shows the following expected total sales Month Sales January $20,ee0…

A:

Q: Ballentine Company expects sales for June, July, and August of $65,000, $71,000, and $61,000,…

A: Cash sales for August (61,000 x 40%) = $24,400

Q: rald Service anticipates the following sales revenue over e-month period Its collection history…

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Q: Julia's Candy Co. reports the following information from its sales account and sales budget: Sales…

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Q: Frankie's Chocolate Co. reports the following information from its sales budget: Expected Sales:…

A: Cash collection budget :— This budget is prepared to estimate the collection of sales from customers…

Q: Jasper Company has 70% of its sales on credit and 30% for cash. All credit sales are collected in…

A: The cash budget is part of the master budget and it shows estimated cash inflow and cash outflow…

Q: Jasper Company has 70% of its sales on credit and 30% for cash. All credit sales are collected in…

A: cash Sales = 30% of Total sales  Credit sales = 70% of Total sales   March  April  May  June…

Q: A manufacturing company's sales budget indicates the following sales: January: $30,000; February:…

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Q: Browning Company's sales budget shows the following expected total sales: Month Sales $23,000…

A: Total Cash Inflow in April including cash sale:

Q: Markham Company has completed its sales budget for the first quarter of Year 2. Projected credit…

A: The collection budget is prepared to estimate the collection from customer during the period. The…

Q: the month of sale, 55% in the first month after sale, 22% in the second month after sale, and 3% is…

A: Introduction: The cash collection cycle is the number of days it takes to recover accounts…

Q: Assume a company is preparing a budget for its first two months of operations. During the first and…

A: Cash collection budget :— This budget is prepared to estimate the cash collection of credit sales…

Q: The following credit sales are budgeted by Terra Co.: January $204,000 February 300,000 March…

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Q: Gardner Company expects sales for October of $259,000. Experience suggests that 55% of sales are for…

A: CASH BUDGET  Cash Budget is a detailed budget of cash income and cash expenditure incorporating both…

Q: Green Company’s sales are 20% cash and 80% credit. Of the credit sales, 60% are collected in the…

A: August credit sales = Total Sales x credit sales percentage = $280,000 x 80% = $224,000 July credit…

Q: Markham Company has completed its sales budget for the first quarter of Year 2. Projected credit…

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Q: A merchandising company's sales budget indicates the following sales: January: $25,000; February:…

A: Formula: Credit sales = Total sales x Credit sales percentage.

Q: Compton Company expects the following total sales:   Month Sales   March $30,000   April $20,000…

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Q: Spacely Sprockets' sales budget shows the following expected total sales: Month January February…

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Master Budget

A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making. 

Sales Budget and Selling

A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.