tember and Problem 4 (15 points): October: Based on prior experience: collected

Question

tember and Problem 4 (15 points): October: Based on prior experience: collected the next month, 2% are non-collectable. 1.5 on account, 2) 20% of sales are onth of the sale, 50% are collected the following month, 28% are Ine. has prepared the following Sales Budget for August, September 1) All sales are i onth Budgeted Sales $68 ul ptember tober 77,80 70,20 Prepare a Cash Collection Budget for August, September and October. Problem 5 (10 points): Briny Sail Makers manufactures sails for sailboats. The company has the capacity to produce 50,000 sails per year and is currently producing and selling 30,000 sails per year. The following information relates to current production: $17 ales price per unit ariable costs per unit: $62 Manufacturing Selling and administrative Manufacturing Selling and administrative $22 $675,000 $300,000 otal fixed costs: If a special pricing order is accepted for 5,500 sails at a sales price of $160 per unit, and if the order requires no variable or fixed selling and administrative costs, what is the effect on operating income?

Explanation / Answer

a) Schedule of cash collection :

Note : Please post next question individually for answer

August september October June 19040 July 39750 22260 August 15740 39350 22036 September 15560 38900 October 14040 Total 74530 77170 74976

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