9-1 - 350,000 June Sales - - - - 40,000 Total Cash...

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 Hampton Freeze Inc   Sales Budget  For the Year Ended December 31, 2005 Month February March April May June Budgeted Sales  230,000   260,000   300,000   500,000   200,000  Total Sales   $230,000   $260,000   $300,000   $500,000   $200,000  Schedule of Expected Cash Collections February Sales  46,000   161,000   23,000   -     -    March Sales  -     52,000   182,000   26,000   -    April Sales  -     -     60,000   210,000   30,000  May Sales  -     -     -     100,000 
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Unformatted text preview: 350,000 June Sales - - - - 40,000 Total Cash Collections 46,000 213,000 265,000 336,000 420,000 Assumptions % of collections period 1 20% % of collections period 2 70% % of collections period 3 10% % of collections period 4 0% Total Collections 100% Bad Debts 0% Uncollected Sales $210,000 Total 1,000,000 $1,000,000 23,000 208,000 300,000 450,000 40,000 1,021,000...
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This note was uploaded on 04/09/2008 for the course ACC 374 taught by Professor Hammond during the Spring '08 term at Point Loma.

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9-1 - 350,000 June Sales - - - - 40,000 Total Cash...

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