Suhana Corporation manufactures and sells a seasonal product that has peak sales in the third quarter. The company's single product sells for Rs. 80 per unit. Budgeted unit sales for the next six quarters are as follows (all sales are on credit): YEAR 2 YEAR 3 Quarter 01 Quarter 02 Quarter 03 Quarter 04 400,000 600,000 1,000,000 700,000 800,000 500,000 Sales are collected in the following pattern: 75% in the quarter the sales are made, and the remaining 25% in the following quarter. On January 1st, Year 2, the company's balance sheet showed Rs. 650,000 in accounts receivable, all of which will be collected in the first quarter of the year. Bad debts are negligible and can be ignored. .( don't use excel hand written answer will be accepted)
Suhana Corporation manufactures and sells a seasonal product that has peak sales in the third quarter. The company's single product sells for Rs. 80 per unit. Budgeted unit sales for the next six quarters are as follows (all sales are on credit): YEAR 2 YEAR 3 Quarter 01 Quarter 02 Quarter 03 Quarter 04 400,000 600,000 1,000,000 700,000 800,000 500,000 Sales are collected in the following pattern: 75% in the quarter the sales are made, and the remaining 25% in the following quarter. On January 1st, Year 2, the company's balance sheet showed Rs. 650,000 in accounts receivable, all of which will be collected in the first quarter of the year. Bad debts are negligible and can be ignored. .( don't use excel hand written answer will be accepted)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Suhana Corporation manufactures and sells a seasonal product that has peak sales in the third quarter. The
company's single product sells for Rs. 80 per unit. Budgeted unit sales for the next six quarters are as follows
(all sales are on credit):
YEAR 2
YEAR 3
Quarter 01
Quarter 02
Quarter 03
Quarter 04
400,000
600,000
1,000,000
700,000
800,000
500,000
Sales are collected in the following pattern: 75% in the quarter the sales are made, and the remaining 25% in
the following quarter. On January 1st, Year 2, the company's balance sheet showed Rs. 650,000 in accounts
receivable, all of which will be collected in the first quarter of the year. Bad debts are negligible and can be
ignored.
.( don't use excel hand written answer will be accepted)
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