BUS 630- WK 4 assgmt - Master Budget Exercises Complete the...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Master Budget Exercises Complete the following three exercises and submit to your instructor. Be sure to show your work for calculations to earn full credit. Sales and Production Budgets (8-12): The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): 1 st Quarter 2 nd Quarter 3 rd Quarter 4 th Quarter Units to be produced 12,000 14,000 13,000 11,000 The selling price of the company's product is $18.00 per unit. Management expects to collect 65% of sales in the quarter in which the sales are made, 30% in the following quarter, and 5% of sales are expected to be "'uncollectible. The beginning balance of accounts receivable, all of which is expected to be collected in the first quarter, is $70,200. The company expects to start the first quarter with 1,650 units in finished $70,200....
View Full Document

Page1 / 2

BUS 630- WK 4 assgmt - Master Budget Exercises Complete the...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online