Cash receipts the sales budget for andrew inc. is forecasted as follows: month sales revenue may $ 170,000 june 210,000 july 230,000 august 170,000 to prepare a cash budget, the company must determine the budgeted cash collections from sales. historically, the following trend has been established regarding cash collection of sales: 50 percent in the month of sale. 25 percent in the month following sale. 20 percent in the second month following sale. 5 percent uncollectible. the company gives a 2 percent cash discount for payments made by customers during the month of sale. the accounts receivable balance on april 30 is $34,000, of which $10,000 represents uncollected march sales and $24,000 represents uncollected april sales.

prepare a schedule of budgeted cash collections from sales for may, june, and july. include a three-month summary of estimated cash collections.

When paul o’neill joined alcoa as ceo, he set a , that there would be zero workplace accidents. a lot of people in the organization thought this was impossible given how dangerous some aluminum-manufacturing jobs are, but alcoa’s safety record improved tremendously. as the board of governors of the american red cross considers planning, one option is to make strategic plans and then direct managers to align tactical and operational plans accordingly. another option is to have planning specialists managers across the organization make their own plans. why might this organization’s executives opt for the latter approach? check all that apply. (a) the environment is a dynamic one, and department and frontline managers can come up with more responsive plans than can central leadership. (b)resources will be better coordinated across the organization in support of the overall strategy.(c) senior leadership will have more control over the organization’s direction. (d)when managers come up with their own plans, they are likely to be more committed to following through on them.