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Accounting 505 Course Project a

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Project A | | | | | | | | | | Student Name: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | SALES BUDGET: | | | | | | | | | | | | | January | February | March | April | May | June | Quarter | July | August | Budgeted Unit Sales | | $ 20,000.00 | $ 26,000.00 | $ 40,000.00 | $ 65,000.00 | $ 100,000.00 | $ 50,000.00 | $ 215,000.00 | $ 30,000.00 | $ 28,000.00 | Selling Price per unit | | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | Total Sales | | $ 200,000.00 | $ 260,000.00 | $ 400,000.00 | $ 650,000.00 | $ 1,000,000.00 | $ 500,000.00 | $ 2,150,000.00 | $ 300,000.00 | $ 280,000.00 | | | | | | | | | | | | SCHEDULE OF EXPECTED CASH COLLECTIONS | | | | | April | May | June | Quarter | | current mo | | | | | | | | | | | next mo | February Sales | | | | | $ 26,000.00 | | | $ 26,000.00 | | following mo | March Sales | | | | | $ 280,000.00 | $ 40,000.00 | | $ 320,000.00 | | | April Sales | | | | | $ 130,000.00 | $ 455,000.00 | $ 65,000.00 | $ 650,000.00 | | | May Sales | | | | | | $ 200,000.00 | $ 700,000.00 | $ 900,000.00 | | | June Sales | | | | | | | $ 100,000.00 | $ 100,000.00 | | | Total Cash Collections | | | | | $ 436,000.00 | $ 695,000.00 | $ 865,000.00 | $ 1,996,000.00 | | | | | | | | | | | | | | | | | | | | | | | | | MERCHANDISE PURCHASES BUDGET | | | | March | April | May | June | Quarter | July | | Budgeted unit sales | | | | $ 40,000.00 | $ 65,000.00 | $ 100,000.00 | $ 50,000.00 | $ 215,000.00 | 30,000 | | Add

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