Question: Please give me the correct answer as soon as possible! XYZ Company produces and sells one product. The budgeted selling price per unit is $55.

Please give me the correct answer as soon as possible!

XYZ Company produces and sells one product. The budgeted selling price per unit is $55. Budgeted unit sales for July, August, September, October and November are 1,400 units, 2,100 units, 3,400 units, 2,700 units and 4,200 units, respectively. All sales are on credit. Regarding credit sales, 30% are collected in the month of the sale, 50% in the month following sales, and the remaining 20% in the second month following sale. The expected total cash collections in September is closest to: Select one: e a. $176,550 b. $117.500 e c $141.000 d. $129,250 e. None of the given answers

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