Leaning Tower of Pizza, Inc. is preparing its master budget for its first quarter of business. It expects to sell 2,000 pizzas at $7 per pizza per month. It expects to collect 90% of the sales in the month of the sale and 10% in the following month. It will maintain an ending inventory balance of 200 pizzas at a cost of $1 each. Calculate the amount o budgeted sales revenue for its first quarter.

Leaning Tower of Pizza, Inc. is preparing its master budget for its first quarter of business. It expects to sell 2,000 pizzas at $7 per pizza per month. It expects to collect 90% of the sales in the month of the sale and 10% in the following month. It will maintain an ending inventory balance of 200 pizzas at a cost of $1 each. Calculate the amount o budgeted sales revenue for its first quarter.

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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