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Today we are going to come up with new task, that is about ”Silver Company makes a product that is very popular as a Mother’s Day gift. Thus, peak…“. We have found the solution to this question, along with interesting information related to it, thanks to its novelty and interest. This will help you to develop a more research-oriented mindset, and make it easier for you to answer these types of questions. This is where we will focus to gain this useful and new knowledge!
Question: “Silver Company makes a product that is very popular as a Mother’s Day gift. Thus, peak…”
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Answer: “Silver Company makes a product that is very popular as a Mother’s Day gift. Thus, peak…”
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February | March | April | May | |
Budgeted Sales | 230,000 | 260,000 | 300,000 | 500,000 |
Schedule of Expected Collections
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April | May | June | Total | |
Feb Sales | 46,000 | 46,000 | ||
Mar Sales | 182,000 | 52,000 | 234,000 | |
Apr Sales | 60,000 | 210,000 | 30,000 | 300,000 |
May Sales | 100,000 | 350,000 | 450,000 | |
June Sales | 40,000 | 40,000 | ||
Total Cash collections | 288,000 | 362,000 | 420,000 | 1,070,000 |
Accounts receivables balance on June 30
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From May Sales | 50,000 |
From June Sales | 160,000 |
Accounts receivables balance on June 30 | 210,000 |
Relevant knowledge
A budget is the projection of financial statements for an organization over a certain period of time. These are estimates of sales, expenses, and balance sheet items, such as cash collection in the problem.
Conclusion
This is how you solve this type of task “Silver Company makes a product that is very popular as a Mother’s Day gift. Thus, peak…”. Please leave a message below if you have any questions or comments.
Thanks for reading!!!
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