Mr. Logan is a financial manager of Sweethermanas Berhad. He is responsible for preparing the cash budget of the company for the second quarter of 2020. The company sales and forecasted sales are as follows: Sales (RM) 68,000 70,000 80,000 85,000 90,000 108,000 Month February March April May June July The customer pays cash for 20 percent of sales in the month of sales, and the balance is credit sales. Forty (40) percent will be collected a month after sales, and another 40 percent will be collected two (2) months after-sales. Purchases of raw materials 60 percent of sales and are made one month in advance of the sale. The supplier is paid 100 percent in the month of the following purchase. The monthly fixed expense is RM10,800.

Mr. Logan is a financial manager of Sweethermanas Berhad. He is responsible for preparing the cash budget of the company for the second quarter of 2020. The company sales and forecasted sales are as follows: Sales (RM) 68,000 70,000 80,000 85,000 90,000 108,000 Month February March April May June July The customer pays cash for 20 percent of sales in the month of sales, and the balance is credit sales. Forty (40) percent will be collected a month after sales, and another 40 percent will be collected two (2) months after-sales. Purchases of raw materials 60 percent of sales and are made one month in advance of the sale. The supplier is paid 100 percent in the month of the following purchase. The monthly fixed expense is RM10,800.

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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