The following assumptions which will be used for the preparation of cash budget for 2015 areas follows:a) The projected quarterly sales for 2015 are as follows:First Quarter - P3,000,000.00Second Quarter - P5,500,000.00Third Quarter - P6,500,000.00Fourth Quarter - P8,000,000.00b) Fourth Quarter Sales in 2014 was P8,000,000.00c) Eighty percent of the sales are collected in the quarter the sales are made.d) The remaining twenty percent is collected the following quarter.e) Cost of sales is eighty percent of sales.●How much is the projected quarterly sales for the first quarter?How much projected quarterly after sales for 2014?How much is the projected quarterly sales for third quarter?How much is the projected quarterly after sales for second quarter?How much is the projected quarterly purchases for first quarter?How much is the projected quarterly purchases for third quarter?How much is the projected quarterly purchases for fourth quarter?How much projected quarterly after sales for 2014?

As per the given information: Projected quarterly sales for 2015 are:First quarter -…

The following assumptions which will be used for the preparation of cash budget for 2015 are as follows: a) The projected quarterly sales for 2015 are as follows: b) Fourth Quarter Sales in 2014 was P8,000,000.00 c) Eighty percent of the sales are collected in the quarter the sales are made. d) The remaining twenty percent is collected the following quarter. e) Cost of sales is eighty percent of sales. ● ● First Quarter - P3,000,000.00 Second Quarter - P5,500,000.00 Third Quarter - P6,500,000.00 Fourth Quarter - P8,000,000.00 ● How much is the projected quarterly sales for the first quarter? How much projected quarterly after sales for 2014? How much is the projected quarterly sales for third quarter? How much is the projected quarterly after sales for second quarter? How much is the projected quarterly purchases for first quarter? How much is the projected quarterly purchases for third quarter? How much is the projected quarterly purchases for fourth quarter? How much projected quarterly after sales for 2014?

The following assumptions which will be used for the preparation of cash budget for 2015 are as follows: a) The projected quarterly sales for 2015 are as follows: b) Fourth Quarter Sales in 2014 was P8,000,000.00 c) Eighty percent of the sales are collected in the quarter the sales are made. d) The remaining twenty percent is collected the following quarter. e) Cost of sales is eighty percent of sales. ● ● First Quarter - P3,000,000.00 Second Quarter - P5,500,000.00 Third Quarter - P6,500,000.00 Fourth Quarter - P8,000,000.00 ● How much is the projected quarterly sales for the first quarter? How much projected quarterly after sales for 2014? How much is the projected quarterly sales for third quarter? How much is the projected quarterly after sales for second quarter? How much is the projected quarterly purchases for first quarter? How much is the projected quarterly purchases for third quarter? How much is the projected quarterly purchases for fourth quarter? How much projected quarterly after sales for 2014?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter4: Financial Planning And Forecasting

Section: Chapter Questions

Problem 4P

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