### Question 30**Planet of the Crepes, Inc.** is preparing its master budget for its first month of business. It expects to sell **6,000 crepes at $2 per crepe per month**. It expects to collect **80% of the sales in the month of the sale and 20% in the following month**. Calculate the amount of budgeted sales revenue for its first month.**Instructions for submitting your calculations:**1. Enter your answer in the provided text box.2. Click "Save and Submit" to save and submit your answer.3. If necessary, click "Save All Answers" to save all of your answers.---**Note**: This question does not include any graphs or diagrams that require further description.

Master Budget: Master Budget is prepared by the company to plan its yearly Revenue and Expenses.…

Planet of the Crepes, Inc. is preparing its master budget for its first month of business. It expects to sell 6,000 crepes at $2 per crepes per month. It expects to collect 80% of the sales in the month of the sale and 20% in the following month. Calculate the amount of budgeted sales revenue for its first month.

Planet of the Crepes, Inc. is preparing its master budget for its first month of business. It expects to sell 6,000 crepes at $2 per crepes per month. It expects to collect 80% of the sales in the month of the sale and 20% in the following month. Calculate the amount of budgeted sales revenue for its first month.

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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