If you are only able to answer one question preferably answer question #2 ...
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Accounting
If you are only able to answer one question preferably answer question #2
A firm provides the following information about budgeted sales: Budgeted Sales for May Budgeted Sales for June Budgeted Sales for July 8,800 units 8,300 units 8,500 units Additional information: Budgeted Sales Price: $21/unit 40% of sales are made in cash and the remaining sales are made on credit 70% of the credit sales are collected in the month of sale and the remaining credit sales are collected in the month following the sale What is the amount of budgeted cash collections for the month of June? (Round your final answer to the nearest dollar.) A company produces and sells one product and provides the following information for the month of June: Budgeted sales: 5,300 units Budgeted production: 5,600 units Budgeted variable selling cost: $24/unit sold Fixed selling and administrative costs: $20,000 (this amount includes $2710 of depreciation) Calculate the amount of selling general, and administrative costs that will go on the Cash Budget for June
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