Bruno produces go-karts which he sells to local retailers. He has decided to produce a sales and debtors budget to help him plan ahead. The following data are available for January to June 2014.
|
Month |
Sales |
|
(number of go-karts) |
|
|
Jan |
100 |
|
Feb |
80 |
|
Mar |
120 |
|
Apr |
120 |
|
May |
150 |
|
Jun |
180 |
•Each go-kart will be sold for £50 for the first four months, then the selling price will rise to £60.
•He gives two months’ credit to the retailers.
Produce a sales budget and a trade receivables budget for the six months ending 30 June 2014.