BBUS 2541 Study Guide - Accounts Receivable
Document Summary
Observe that even though sales peak in may, cash collections peak in june. This occurs because the bulk of the company"s customers pay in the month following sale. The lag in collections that this creates is even more pronounced in some companies. Indeed, it is not unusual for a company to have the least cash available in the months when sales are greatest: accounts receivable at june 30: From june sales: ,000 (70% + 10%) *10% of the following month"s sales in units. Cost of raw materials to be purchased at 150 roubles per gram (in thousands of roubles) #5 (30 minutes: assuming that the direct labour workforce is adjusted each quarter, the direct labour budget would be: ,800: assuming that the direct labour workforce is not adjusted each quarter and that overtime wages are paid, the direct labour budget would be: Wages for regular hours (@ . 00 per hour) Overtime wages (@ . 00 per hour 1. 5)
