70.2K

Verified Solution

Link Copied!

4. Nano, Inc. is preparing its budget for the second quarter. The following sales data have been forecasted: April May June July August 640 720 780 620 660 Unit sales............... Additional Information follows: Inventory on March 31: 192 Units Desired ending inventory each month: 30% of next month's sales How many units should be purchased inAirtex Company budgeted the following credit sales during the current year: September, $90,000; October, $123.000; November, $105,000; December, $111,000. Experience has shown that cash from credit sales is received as follows: 10% in the month of sale, 50% in the first month after sale, 35% in the second month after sale, and 5% is uncollectible. How much cash should Airtex Company expect to collect in November from all current and past credit sales? 4. Nano, Inc. is preparing its budget for the second quarter. The following sales data have been forecasted: April May June July August 640 720 780 620 660 Unit sales............... Additional Information follows: Inventory on March 31: 192 Units Desired ending inventory each month: 30% of next month's sales How many units should be purchased inAirtex Company budgeted the following credit sales during the current year: September, $90,000; October, $123.000; November, $105,000; December, $111,000. Experience has shown that cash from credit sales is received as follows: 10% in the month of sale, 50% in the first month after sale, 35% in the second month after sale, and 5% is uncollectible. How much cash should Airtex Company expect to collect in November from all current and past credit sales

Answer & Explanation Solved by verified expert

See Answer