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Leaning Tower of Pizza, Inc. is preparing its master budget for its first quarter of business. It expects its sales to be $600,000 for the quarter. If the pizzas sell for $6 per pizza, and it expects to collect 90% of the sales in the month of the sale and 10% in the following month, then the number of budgeted pizzas that must be sold for the quarter equals pizzas.

Leaning Tower of Pizza, Inc. is preparing its master budget for its first quarter of business. It expects its sales to be $600,000 for the quarter. If the pizzas sell for $6 per pizza, and it expects to collect 90% of the sales in the month of the sale and 10% in the following month, then the number of budgeted pizzas that must be sold for the quarter equals pizzas.

FINANCIAL ACCOUNTING
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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QUESTION 2 Leaning Tower of Pizza, Inc. is preparing its master budget for its first quarter of business. It expects its sales to be $600,000 for the quarter. If the pizzas sell for $6 per pizza, and it expects to collect 90% of the sales in the month of the sale and 10% in the following month, then the number of budgeted pizzas that must be sold for the quarter equals pizzas.
Transcribed Image Text:QUESTION 2 Leaning Tower of Pizza, Inc. is preparing its master budget for its first quarter of business. It expects its sales to be $600,000 for the quarter. If the pizzas sell for $6 per pizza, and it expects to collect 90% of the sales in the month of the sale and 10% in the following month, then the number of budgeted pizzas that must be sold for the quarter equals pizzas.
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