Getty Company expects sales for the first three months of next year to be $190,000, $270.000 and $275,000, respectively. Getty expects 30 percent of its sales to be cash and the remainder to be credit sales. The credit sales will be collected as follows: 10 percent in the month of the sale and 90 percent in the following month. Compute a schedule of Getty's cash receipts for the months of February and March. February March Budgeted cash receipts Becker Bikes manufactures tricycles. The company expects to sell 390 units in May and 520 units in June. Beginning and ending finished goods for May is expected to be 115 and 80 units, respectively. June's ending finished goods is expected to be 90 units. Compute Becker's production budget for May and June. May June Budgeted production (units)
