Prepare a cash budget for the three months ending 31 October, showing cash receipts and cash payments. Assume sales revenue of $80 per unit.

April 14, 2026Accounting

ScanSolve AI Answer

April 14, 2026

Answer

$88,000$

Here is the cash budget for Tanya Limited for the three months ending 31 October.

Step 1: Calculate Cash Receipts

Sales Revenue: Selling price is $80 per unit.
- July Sales: $1,100 units \times \$ 80 = $88,000$
- August Sales: $1,150 units \times \$ 80 = $92,000$
- September Sales: $1,200 units \times \$ 80 = $96,000$
- October Sales: $1,310 units \times \$ 80

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Quick Answer

Calculate Cash Receipts Sales Revenue: Selling price is 80 per unit.

Asked on April 14, 2026Accounting

This accounting problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.

ScanSolve AI AnswerAnswered on April 14, 2026

Here is the cash budget for Tanya Limited for the three months ending 31 October. Step 1: Calculate Cash Receipts Sales Revenue: Selling price is 80 per unit. July Sales: 1,100 units × \80 = \88,000 August Sales: 1,150 units × \80 = \92,000 September Sales: 1,200 units × \80 = \96,000 October Sales: 1,310 units × \$80