Question: MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) ABC Corporation makes one product and has provided the
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) ABC Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Budgeted selling price per unit $ 121 Budgeted unit sales (all on credit) January 7,000 1 February 7.500 March 11,900 April 14,900 Credit sales are collected: 40% in the month of the sale 60% in the following month The budgeted accounts receivable balance at the end of February is closest to A) $544,500 B) $907,500 C) $605,000 D) $363,000
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