& CYU22-2 (similar to) Queetion Help Inarmadiata Loaminghad propanod th llcng sa

Question

& CYU22-2 (similar to) Queetion Help Inarmadiata Loaminghad propanod th llcng saka budget, schadle o budg cah necipts and cash budgt for 201: Suppcse a charge in the necaipt of cach from s on accountis as foliows: ck the icen to viow the original budgets. icick the ioon to view the revised receipt of cash information.) Imermodato Leaming ?c ded to revise is salas budget to now fourth quarte. sales of 950 tablecs du-to te opectation cf Increased holday sales Schdule of Cash Receipts from Customers Quarter Quater Quarter Quarter Total Tctal salea Quarter Quatr Qurt Qurter Crodt sa as colached in 1st ctr st Qtr-Crodt sa es colloched in 2nd qtr st atr.-Credt sa cs colected in 3rd qtr. CT Cash sacs d Cr. Credit sales col coted in 2nd qlr d Cr- Credit sales col ected in 3rd qtr d Cr-Credit sales col ected in 4th qtr atr-Cash salees Qlr-Credit sales collecled in 3rd qtr Entarany number in tha adlt ielos and then cick Chack Answer

Explanation / Answer

1) Cash budget

2) A chnage in cash receipts will affect the cash budget becuase an increase in cash receipts will make the cash budget stronger and vice versa

First quarter Second quarter Third quarter Fourth quarter Total Total sales $2,47,500 $2,47,500 $8,80,000 $4,67,500 $18,42,500 Accounts receivables balance 1st qtr - cash sales 1st qtr - credit sales collected in 1st qtr $74,250 $74,250 1st qtr - credit sales collected in 2nd qtr $86,625 $86,625 1st qtr - credit sales collected in 3rd qtr $84,150 $84,150 2nd qtr - cash sales $0 2nd qtr - credit sales collected in 2nd qtr $74,250 $74,250 2nd qtr - credit sales collected in 3rd qtr $86,625 $86,625 2nd qtr - credit sales collected in 4th qtr $84,150 $84,150 3rd qtr - cash sales $0 3rd qtr - credit sales collected in 3rd qtr $2,64,000 $2,64,000 3rd qtr - credit sales collected in 4th qtr $3,08,000 $3,08,000 4th qtr - cash sales $0 4th qtr - credit sales collected in 4th qtr $1,40,250 $1,40,250 Total cash receipts from customers $74,250 $1,60,875 $4,34,775 $5,32,400 $12,02,300

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