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astraxan [27]
2 years ago
5

PROBLEM 8–31 Completing a Master Budget Hillyard Company, an office supplies specialty store, prepares its master budget on a qu

arterly basis. The following data have been assembled to assist in preparing the master budget for the first quarter:
Required:
Using the data above, complete the following statements and schedules for the first quarter:
Schedule of expected cash collections:
Business
1 answer:
kompoz [17]2 years ago
6 0

The main purpose of the sales budget is to achieve the financials objectives of the sales department.

<h3>What is a sales budget?</h3>

This refers to a financial plan that estimates a company's total revenue in a specific time period.

<h3>What is the Schedule of expected cash collections?</h3><h3>                             Hillyard Company</h3><h3>                               Sales Budget</h3><h3>                For the Quarter ended march 31</h3><h3>                                       Jan          Feb          Mar        Quarter</h3>

Budgeted Sales             $400,000 $600,000   $300,000  $1,300,000

Total Budgeted Sales   $400,000 $600,000  $300,000  $1,300,000

Read more about sales budget

<em>brainly.com/question/27207594</em>

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