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1. The Stone Company makes all sales on account and had the following information available:...

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Accounting

1. The Stone Company makes all sales on account and had the following information available:

Budgeted Sales

March $13,200

April $15,000

May $10,000

June $12,700

The company expects to collect 80% of sales in the month of the sale, 15% in the month following the sale and 5% are never collected. What amount of cash collections would be budgeted for May?

2.

Which of the following is not included in the purchases budget?

Unit sales volume

Total cost of goods sold

please help and show work

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