Cash flow preparation
Question 1: Metropolitan Furniture Peter works in the accounts unit of the Metropolitan Furniture Manufacturing. He was asked to prepare a proposed budget for the forthcoming quarter. He consults with the sales manager and finds that: Estimated sales are as follows: February $265,000 April $290,000 March $255,000 May $250,000 June $280,000 In consultation with the production manager he estimates that the cost of goods sold is to be budgeted at 45% of the sales figure. The salaries are expected to be $65,000 per month. When sales exceed $260,000 in any one month, the sales team is entitled to an additional 5% commission on the excess sales over this figure. Other expenses are estimated to…
DetailsWarning: sprintf(): Too few arguments in /home/indivdvy/myassignmentguru.com/wp-content/themes/dt-the7/inc/helpers/html-helpers.php on line 353