IanJasper's Gadget Shop is preparing budgets for the first quarter ending in Marc

January 5,000 units April

February 8,000 units May
March 6,000 units

The selling price is ₱9,500 per unit

The following elements of the master budget will be prepared:

1. Sales budget (with a schedule of expected cash collections). 70% of sales are re

IanJasper's Gadget Shop

Sales Buget Selling Price ₱9,500

Months July August September

Sales (unit) 5,000 8,000 6,000
Sales (₱) ₱47,500,000 ₱76,000,000 ₱57,000,000

Cash Collections
April Sales ₱33,250,000 ₱14,250,000
May Sales ₱53,200,000 ₱22,800,000
June Sales ₱39,900,000
₱33,250,000 ₱67,450,000 ₱62,700,000
rter ending in March 30, 2021. Budgeted sales of the company's only product for the next five months are:

10,000 units
8,000 units

. 70% of sales are recorded in the month that the sale is made and the remaining is collected in the following

Total
19,000
180,500,000

₱47,500,000 AMOUNTS RECEIVABLE

₱76,000,000 ₱17,100,000
₱39,900,000
₱163,400,000
xt five months are:

cted in the following month.