Answer to Question #54267 in Accounting for michael
Apollo cash receipts
May June July August Sept. Oct. Nov. Dec.
3,000 5,000 7,000 1,000 5,000 4,500 3,000 3,000
Cash receipts are shown. Credit revenues are twice that of cash each month. The business is closed for April.
Credit terms are 50% by end of the month; 35% by end of the next month balance by end of third month.
Build the projected revenue budget for the six months ending in December?
How is internal competition between projects/ departments competing for funding allocated and what role does the budgeted statement of financial performance play?