A firm provides the following information about budgeted sales Budgeted Sales for May 7,800 units Budgeted Sales for June 7,300 units Budgeted Sales for July 7,500 units Additional information Budgeted Sales Price $34 unit 30 of sales are made in cash and the remaining sales are made on credit 80 o...

The budgeted sales for June are 7300 units If 30 of sales are made in cash then the number of units ...

A firm provides the following information about budgeted sales: Budgeted Sales for May 7,800 units Budgeted Sales

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A firm provides the following information about budgeted sales:

Budgeted Sales for May	7,800 units
Budgeted Sales for June	7,300 units
Budgeted Sales for July	7,500 units

Additional information:

Budgeted Sales Price: $34/unit

30% of sales are made in cash and the remaining sales are made on credit

80% of the credit sales are collected in the month of sale and the remaining credit sales are collected in the month following the sale

What is the amount of budgeted cash collections for the month of June?

Related Book For answer-question

Advanced Accounting

ISBN: 978-1118037911

1st Canadian Edition

Authors: Gail Fayerman

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Posted Date: Apr 15, 2023 11:19 AM

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A firm provides the following information about budgeted sales: Budgeted Sales for May 7,800 units Budgeted Sales

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The budgeted sales for June are 7300 units If 30 of sales are made in cash then the number of units ... View the full answer

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