Beyonce Company estimates its sales at 4,000 auto mufflers in the first quarter, sales will increase to 4,400 auto mufflers in the second quarter and to 5,000 mufflers in the third quarter.  Each auto muffler sells for $75. All sales are on credit. 70% of the credit customers pay within the quarter of the sale and 30% in the quarter following the sale.   Cash collections for the second quarter are budgeted at   Question 21 options:   $309,000   $315,000   $321,000   $330,000

esc Pasta Disasta, Inc. is preparing its master budget for its first quarter of business. It expects to sell 4,000 pizzas per month. It will purchase enough pizzas so that 100 pizzas are in inventory at all times. The pizza is expected to cost $3 per pizza. It expects to pay 70% in the month of purchase and the remainder in the following month. Calculate the amount of budgeted purchases for its first quarter. Click Save and Submit to save and submit. Click Save All Answers to save all answers. 1 Q A 1 N 2 W S #3 X H E D $ 4 C R 67 dº % 5 F MacBook Pro T V 6 G Y & V lo 7 H B * 00 8 U J N 9 K M Sa

Dog

Leaning Tower of Pizza, Inc. is preparing its master budget for its first quarter of business. It expects to sell 8,000 pizzas at $7 per pizza per month. It expects to collect 90% of the sales in the month of the sale and 10% in the following month. Calculate its accounts receivable balance at the end of its first quarter.

Navigator sells GPS trackers for $60 each. It expects sales of 5,200 units in quarter 1 and a 5% Increase each subsequent quarter for the next 8 quarters. Prepare a sales budget by quarter for the first year. Round final answers to nearest whole dollar. Navigator Sales Budget For the Year Ending Dec. 31, 20XX Quarter 1 Quarter 2 Quarter 3 Quarter 4 8 Expected Sales (Units) Sales Price per Unit Total Sales Revenue Total

Perez Company, which expects to start operations on January 1, 2018, will sell digital cameras in shopping malls. Perez has budgeted sales as indicated in the following table. The company expects a 12 percent increase in sales per month for February and March. The ratio of cash sales to sales on account will remain stable from January through March. Required a. Complete the sales budget by filling in the missing amounts. b. Determine the amount of sales revenue Perez will report on its first quarter pro forma income statement. Complete this question by entering your answers in the tabs below. Required A Required B Complete the sales budget by filling in the missing amounts. (Round intermediate calculations and final answers to 2 decimal places.) Sales January February March $ 46,000 116,000 Cash sales Sales on account Total budgeted sales $ 162,000

Use the following information to prepare a cash budget for Knightsbridge Corporation for the month of June 2020. In May, credit sales were $175,000; 80% of this amount is estimated to be collectible in June. June sales are estimated to be $340,000, all of which are credit sales.  Only 20% of credit sales are collected in the month in which the sale is made. Total fixed expenses are $60,000 per month, including $26,000 depreciation. Variable expenses are 35% of sales. All expenses requiring payment are paid in cash when incurred. A $40,000 note payable must be paid on June 30. As of May 31, the cash balance is $94,000.