BA511-L6A2 - Student Name: Class: CRAVAT SALES COMPANY...

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Class: CRAVAT SALES COMPANY Budgets April May June Quarter Sales budget: Budgeted sales in units 35,000 45,000 60,000 140,000 Selling price per unit $8 $8 $8 $8 Total sales $280,000 $360,000 $480,000 $1,120,000 Correct! Correct! Correct! Correct! Schedule of expected cash collections: February sales 48,000 $48,000 0.25 March sales 112,000 56,000 168,000 0.5 April sales 70,000 140,000 70,000 280,000 0.25 May sales 90,000 180,000 270,000 June sales 120,000 120,000 Total cash collections $230,000 $286,000 $370,000 $886,000 Correct! Correct! Correct! Correct! Merchandise purchases budget: March Budgeted sales in units 35,000 45,000 60,000 140,000 28000 Add budgeted ending inventory 40,500 54,000 36,000 130,500 31500 Total needs 75,500 99,000 96,000 270,500 59500 Less beginning inventory 31,500 40,500 54,000 126,000 25200 Required purchases in units 44,000 58,500 42,000 144,500 34300 Unit cost $5 $5 $5 $5 5 Required dollar purchases $220,000 $292,500 $210,000 $722,500 171500 Correct! Correct! Correct! Correct! Budgeted cash disbursements for merchandise purchases: March purchases 85,750 85,750 0.5 April purchases 110,000 110,000 220,000 0.5 May purchases 146,250 146,250 292,500
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BA511-L6A2 - Student Name: Class: CRAVAT SALES COMPANY...

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