SuperTech Battery a rapidly growing distributor of battery manufacturers, is formulating its plans for 2018. The planning department of the firm has completed the revenue budget presented here. Super Tech Battery Ltd 2018 Budgeted Revenues (in thousands). The accountant in the Planning and Budgeting Department is responsible for preparing the cash-flow projection. The following information is to be used in preparing the cash flow projection: a. Super Tech Battery's excellent record in accounts receivable collection is expected to continue: 60% of billings are collected the month after the sale and the remaining 40% 2 months after. b. The purchase of electronic components is Utility Ltd's largest expenditure and is estimated to be 40% of revenues. Utility Ltd receives 70% of the parts 1 month prior to the sale and 30% during the month of sale. Prepare Cash collection schedule and Cash payments schedule for the sale and purchase of products. Do the calculations in excel, attach excel screenshot and explain the steps and formulas on how to do it. attached picture, kindly share full solution Problem 3 SuperTech Battery a rapidly growing distributor of battery manufacturers, is formulating its plans for 2018. The planning department of the firm has completed the revenue budget presented here. Super Tech Battery Ltd 2018 Budgeted Revenues (in thousands) The accountant in the Planning and Budgeting Department is responsible for preparing the cash-flow projection. The following information is to be used in preparing the cash flow projection: a. Super Tech Battery's excellent record in accounts receivable collection is expected to continue: 60% of billings are collected the month after the sale and the remaining 40 %2 months after. b. The purchase of electronic components is Utility Ltd's largest expenditure and is estimated to be 40% of revenues. Utility Ltd receives 70% of the parts 1 month prior to the sale and 30 % during the month of sale. Prepare Cash collection schedule and Cash payments schedule for the sale and purchase of products.
SuperTech Battery a rapidly growing distributor of battery manufacturers, is formulating its plans for 2018. The planning department of the firm has completed the revenue budget presented here. Super Tech Battery Ltd 2018 Budgeted Revenues (in thousands). The accountant in the Planning and Budgeting Department is responsible for preparing the cash-flow projection. The following information is to be used in preparing the cash flow projection: a. Super Tech Battery's excellent record in accounts receivable collection is expected to continue: 60% of billings are collected the month after the sale and the remaining 40% 2 months after. b. The purchase of electronic components is Utility Ltd's largest expenditure and is estimated to be 40% of revenues. Utility Ltd receives 70% of the parts 1 month prior to the sale and 30% during the month of sale. Prepare Cash collection schedule and Cash payments schedule for the sale and purchase of products. Do the calculations in excel, attach excel screenshot and explain the steps and formulas on how to do it. attached picture, kindly share full solution Problem 3 SuperTech Battery a rapidly growing distributor of battery manufacturers, is formulating its plans for 2018. The planning department of the firm has completed the revenue budget presented here. Super Tech Battery Ltd 2018 Budgeted Revenues (in thousands) The accountant in the Planning and Budgeting Department is responsible for preparing the cash-flow projection. The following information is to be used in preparing the cash flow projection: a. Super Tech Battery's excellent record in accounts receivable collection is expected to continue: 60% of billings are collected the month after the sale and the remaining 40 %2 months after. b. The purchase of electronic components is Utility Ltd's largest expenditure and is estimated to be 40% of revenues. Utility Ltd receives 70% of the parts 1 month prior to the sale and 30 % during the month of sale. Prepare Cash collection schedule and Cash payments schedule for the sale and purchase of products.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Transcribed Image Text:SuperTech Battery a rapidly growing distributor of
battery manufacturers, is formulating its plans for 2018.
The planning department of the firm has completed the
revenue budget presented here. Super Tech Battery Ltd
2018 Budgeted Revenues (in thousands). The
accountant in the Planning and Budgeting Department
is responsible for preparing the cash-flow projection.
The following information is to be used in preparing the
cash flow projection: a. Super Tech Battery's excellent
record in accounts receivable collection is expected to
continue: 60% of billings are collected the month after
the sale and the remaining 40% 2 months after. b. The
purchase of electronic components is Utility Ltd's largest
expenditure and is estimated to be 40% of revenues.
Utility Ltd receives 70% of the parts 1 month prior to the
sale and 30% during the month of sale. Prepare Cash
collection schedule and Cash payments schedule for
the sale and purchase of products. Do the calculations
in excel, attach excel screenshot and explain the steps
and formulas on how to do it. attached picture, kindly
share full solution Problem 3 SuperTech Battery a rapidly
growing distributor of battery manufacturers, is
formulating its plans for 2018. The planning
department of the firm has completed the revenue
budget presented here. Super Tech Battery Ltd 2018
Budgeted Revenues (in thousands) The accountant in
the Planning and Budgeting Department is responsible
for preparing the cash-flow projection. The following
information is to be used in preparing the cash flow
projection: a. Super Tech Battery's excellent record in
accounts receivable collection is expected to continue:
60% of billings are collected the month after the sale
and the remaining 40 %2 months after. b. The
purchase of electronic components is Utility Ltd's largest
expenditure and is estimated to be 40% of revenues.
Utility Ltd receives 70% of the parts 1 month prior to the
sale and 30 % during the month of sale. Prepare Cash
collection schedule and Cash payments schedule for
the sale and purchase of products.
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