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…”

Answer: “Silver Company makes a product that is very popular as a Mother’s Day gift. Thus, peak…”

	February	March	April	May
Budgeted Sales	230,000	260,000	300,000	500,000

Schedule of Expected Collections

	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

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.

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