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Bazinga Companys sales are 30% in cash and 70% on credit. Sixty percent of the...

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Accounting

Bazinga Companys sales are 30% in cash and 70% on credit. Sixty percent of the credit sales are collected in the month of the sale, 25% in the month of the following sale, and 12% in the second month follwing the sale. The remainder is uncollectible. The following are budgeted sales data:
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8) Bazinga Company's sales are 30% in cash and 70% on credit. Sixty percent of the credit sales are collected in the 25% in the month following sale, and 12% in the second month following sale. The remainder is uncollectible. The following are budgeted sales data: (4 pts) Total sales January $60,000 February $70,000 March $50,000 April $30,000 Total cash receipts in the April cash budget would be: a) $38,900 b) $47,900 c) $27,230 $36,230 - Total sales revenue in the April income statement would be: 9) Beiber Co. produces and sells Product Biebs. To guard against stockouts, the company requires that 20% of the next month's sales be on hand at the end of each month. Budgeted sales of Product Beibs over the next four months are: June July August Sept. Budgeted sales in units 30,000 40,000 60,000 50,000 Budgeted production for August would be: a) 62,000 units b) 70,000 units c) 58,000 units @ 50,000 units

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