AaBbCcDc AaBbCcDc AaBb C Aabbcc AaBb C AaBbcca T Normal 1 No Spac. Heading 1 Heading 2 Heading 3 Heading 4 Styles Paragraph QUESTION 22 1. Fresplanade Co. had the following historical collection pattern for its credit sales: 70% collected in the month of sale 14% collected in the first month after month of sale 9% collected in the second month after month of sale 6% collected in the third month after month of sale 1% uncollectible The sales on open account credit sales) have been budgeted for the last six months of the year as shown below: July $ 82,000 August $ 94,000 September $ 106,000 October $ 118,000 November $ 130,000 December $ 112,000 The estimated cash collections during July from credit sales made in July by Eresplanade Co. is: $57,400 e $77,280 $94,740. $92,700 $85,540 QUESTION 21 1. Assume that only the specified parameters (that is, variables) change in a sensitivity analysis. The contribution margin ratio increases when: Total short-term fixed costs decrease. The variable cost per unit decreases Sales volume increases The variable cost per unit increases Total short-term fixed costs increase