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
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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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