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Business, 09.06.2021 21:30 smelcher3900

TB Problem Qu. 8-217 (Algo) Tilson Corporation has projected sales and... Tilson Corporation has projected sales and production in units for the second quarter of the coming year as follows: April May June Sales 53,000 43,000 63,000 Production 63,000 53,000 53,000 Cash-related production costs are budgeted at $5 per unit produced. Of these production costs, 40% are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses will amount to $50,000 per month. The accounts payable balance on March 31 totals $182,000, which will be paid in April. All units are sold on account for $11 each. Cash collections from sales are budgeted at 60% in the month of sale, 30% in the month following the month of sale, and the remaining 10% in the second month following the month of sale. Accounts receivable on April 1 totaled $674,000 ($114,000 from February's sales and $560,000 from March’s sales). Required: a. Prepare a schedule for each month showing budgeted cash disbursements for Tilson Corporat

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TB Problem Qu. 8-217 (Algo) Tilson Corporation has projected sales and... Tilson Corporation has pro...
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