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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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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