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Q 3 / Prepare an estimated budget for the year 2021 for Al Sahel Al-Akhdar Company using the percentage method of sales and in

Q 3 / Prepare an estimated budget for the year 2021 for Al Sahel Al-Akhdar Company using the percentage method of sales and in

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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Q 3 / Prepare an estimated budget for the year 2021 for Al Sahel Al-Akhdar Company using the percentage method of sales and in light of the following information indicating the amount of additional external financing in the budget 1- Estimated sales (3,500,000) for the year 2021 2- The following paragraphs are considered direct from sales and the percentage of each of them from sales a- cash 5% B - accounts receivable 10% C- Stock 20% D- Fixed Assets 50% E- Accounts Payable 12%
Transcribed Image Text:Q 3 / Prepare an estimated budget for the year 2021 for Al Sahel Al-Akhdar Company using the percentage method of sales and in light of the following information indicating the amount of additional external financing in the budget 1- Estimated sales (3,500,000) for the year 2021 2- The following paragraphs are considered direct from sales and the percentage of each of them from sales a- cash 5% B - accounts receivable 10% C- Stock 20% D- Fixed Assets 50% E- Accounts Payable 12%
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