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  3. scare-2-b-u (s2bu) specializes in costumes for all

Scare-2-B-U (S2BU) specializes in costumes for all occasions. The average price of each of its...

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Accounting

Scare-2-B-U (S2BU) specializes in costumes for all occasions. The average price of each of its costumes is $310. For each occasion, S2BU receives a 30 percent deposit two months before the occasion, 50 percent the month before, and the remainder on the day the costume is delivered. Based on information at hand, managers at S2BU expect to make costumes for the following number of occasions during the coming months.

April 40
May 35
June 20
July 45
August 60
September 120

Req A:

What are the expected revenues for S2BU for each month, April through September? Revenues are recorded in the month of the occasion.

Revenues
April
May
June
July
August
September

Req B:

What are the expected cash receipts for each month, April through July?

Cash Receipts
April
May
June
July

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