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    BSA 2A - Budget Schedule

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    Giddel Ann Kristine Velasquez
    Lucky Merchandising's 2021 sales budget forecasts quarterly unit sales and total sales. It expects to sell 1210 units in quarter 1 at $160 per unit for total sales of $193,600. Cash collection is projected at 65% of quarterly sales in that quarter and 30% in the following quarter, with 5% deemed uncollectible. The total projected cash collection for 2021 is $717,560.

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    BSA 2A - Budget Schedule

    Uploaded by

    Giddel Ann Kristine Velasquez
    10 views2 pages
    Lucky Merchandising's 2021 sales budget forecasts quarterly unit sales and total sales. It expects to sell 1210 units in quarter 1 at $160 per unit for total sales of $193,600. Cash collection is projected at 65% of quarterly sales in that quarter and 30% in the following quarter, with 5% deemed uncollectible. The total projected cash collection for 2021 is $717,560.

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    BSA 2A_Budget Schedule.xlsx

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    Lucky Merchandising's 2021 sales budget forecasts quarterly unit sales and total sales. It expects to sell 1210 units in quarter 1 at $160 per unit for total sales of $193,600. Cash collection is projected at 65% of quarterly sales in that quarter and 30% in the following quarter, with 5% deemed uncollectible. The total projected cash collection for 2021 is $717,560.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    10 views2 pages

    BSA 2A - Budget Schedule

    Uploaded by

    Giddel Ann Kristine Velasquez
    Lucky Merchandising's 2021 sales budget forecasts quarterly unit sales and total sales. It expects to sell 1210 units in quarter 1 at $160 per unit for total sales of $193,600. Cash collection is projected at 65% of quarterly sales in that quarter and 30% in the following quarter, with 5% deemed uncollectible. The total projected cash collection for 2021 is $717,560.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
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    Sales Budget

    Lucky Merchandising
    Sales Budget
    For the Year Ended Dec. 31, 2021
    Quarter
    1 2 3 4
    Expected sales in unit 1210 1060 1360 1450
    Unit Sales Price 160 160 160 160
    Total Sales 193,600.00 169,600.00 217,600.00 232,000.00

    Schedule of Expected Cash Collection


    1 2 3 4
    Account receivable 01 15,000.00
    First quarter 125,840.00 58,080.00
    Second quarter 110,240.00 50,880.00
    Third quarter 141,440.00 65,280.00
    Fourth quarter 150,800.00
    Total Cash Collection 140,840.00 168,320.00 192,320.00 216,080.00
    Assuming further that 65% of the expected sales were collected in the first quarter of the sale. 30% were collected in the first
    quarter after the sale, and 5% were uncollectible, the selling price unit is ₱160.00
    Total
    5080
    160
    812,800.00

    Total
    15,000.00
    183,920.00
    161,120.00
    206,720.00
    150,800.00
    717,560.00
    30% were collected in the first
    ₱160.00

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