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How much amount of birr for april budgeted cash collection

Assignment Help Managerial Accounting
Reference no: EM132649951

Beginning April account receivable is birr 90,000

Budgeted sales for April are birr 150,000

Budgeted sales for May are birr 200,000

Additional information: - Purchase equals next month's sales. 35% is paid to the suppliers in the same month of purchase and the balance amount is paid in the following month. Collections for sales are 80% in the month of sales and 20% the next month.

Based on the above given information:-

Question A) How much amount of birr for April budgeted cash collection?

Question B) At the end of April, how much amount of birr as budgeted account receivable?

Question C) At the month of April, how much amount of budgeted cash payment for suppliers?

Reference no: EM132649951

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