The following data pertain to Bexar Corporation:
Calculate the amount of net sales reported for 2013.Use 365 days per year.
Definitions:
Budgeted Accounts Receivable
Predicts the amount of money owed to a business by its customers for sales made on credit during a specific period.
Collections
The process of gathering money that is owed by customers, often in relation to accounts receivable.
Required Production
The quantity of goods that a company needs to produce in order to meet customer demand.
Ending Raw Materials Inventory
The value of raw materials still on hand at the end of an accounting period, which have not yet been used in the production process.
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