Jasper Company has 61% of its sales on credit and 39% for cash. All credit sales are collected in full in the fiest month following the sale. The company budgets sales of $527,000 for April, $537.000 for May, and $562.000 for June. Total sales for March are $302.600. Prepare a schedule of cash receipts from sales for April, May, and June. O Answer is not complete. JASPER COMPANY Schedule of Cash Receipts from Sales April May June 537,000 562,000 Sales Cash receipts from: 527,000 Cash sales OS 205,530 $209.430 O S 219.180 Collections of prior period sales Total cash receipts
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.

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