The sales budget for your company in the coming year is, Ask an Expert

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The sales budget for your company in the coming year is based on a 20% quartely growth rate with the first quarter sales projection at 150 M. In addition to this basic trend, the seasonal adjustments for the four quarters are o, -$16, -$8,, and $21 million, Generally, 50% of the sales can be collected within the quarter and 45% in the following quarter, the rest of the sales are bad debt. The beginning accounts payable balance is $72 million. Assuming all sales on credit, compute the cash collections from sales for each quarter.

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Category:- Basic Finance
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