Homework Answers
|
May |
June |
|
|
Sales Units |
300 |
312 |
|
Sales price per unit |
$ 600.00 |
$ 600.00 |
|
Total sales value |
$ 180,000.00 |
$ 187,200.00 |
|
Cash sales |
$ 45,000.00 |
$ 46,800.00 |
|
Credit sales |
$ 135,000.00 |
$ 140,400.00 |
|
Budgeted cash receipts for June |
|
|
Collection from June cash sales |
$ 46,800.00 |
|
Collection from May credit sales |
$ 135,000.00 |
|
Total collection in June |
$ 181,800.00 |
Budgeted cash receipts for June =$181,800
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Zhang Industries sells a product for $600. Unit sales for May were 300 and each month's...
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