Answer to Question #54267 in Accounting for michael

Question #54267

Apollo cash receipts
1.5.20XX–30.9.20XX
May June July August Sept. Oct. Nov. Dec.
3,000 5,000 7,000 1,000 5,000 4,500 3,000 3,000
Note:
Cash receipts are shown. Credit revenues are twice that of cash each month. The business is closed for April.
Credit terms are 50% by end of the month; 35% by end of the next month balance by end of third month.

Build the projected revenue budget for the six months ending in December?
How is internal competition between projects/ departments competing for funding allocated and what role does the budgeted statement of financial performance play?

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