Cash Collections

Cash Collections - 30 Schedule of Expected Cash Collections...

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Hampton Freeze Inc Sales Budget For the Year Ended Decemeber 31, 2005 Quarter 1 2 3 4 Total Budgeted Sales (cases) 10,000 30,000 40,000 20,000 100,000 Selling Price per case $20 $20 $20 $20 $20 Total Sales $200,000 $600,000 $800,000 $400,000 $2,000,000 Percentage of sales collected in the period of sale 70% Percentage of sales collected in the period after sale
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Unformatted text preview: 30% Schedule of Expected Cash Collections A/R, Beginning budget 90,000 - - - 90,000 Q1 Sales 140,000 60,000 - - 200,000 Q2 Sales- 420,000 180,000 - 600,000 Q3 Sales- - 560,000 240,000 800,000 Q4 Sales- - - 280,000 280,000 Total Cash Collections 230,000 480,000 740,000 520,000 1,970,000...
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