The company has available the following information necessary for the preparation of the budget for the...
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The company has available the following information necessary for the preparation of the budget for the third quarter of 2023 (July-September): Dollar Sales Forecast April May June Answer: July August September October 244455 268901 293346 317792 354460 391128 427796 The company collects 40% of its sales during the month of the sale, 30% the following month, and 30% two months after the month of the sale. The sales price of the product is $5.60 per unit. REQUIRED: Determine the cash collected in the July to September quarter. Do not use dollar signs, commas, or decimals. The company has available the following information necessary for the preparation of the budget for the third quarter of 2023 (July-September): Dollar Sales Forecast April May June Answer: July August September October 244455 268901 293346 317792 354460 391128 427796 The company collects 40% of its sales during the month of the sale, 30% the following month, and 30% two months after the month of the sale. The sales price of the product is $5.60 per unit. REQUIRED: Determine the cash collected in the July to September quarter. Do not use dollar signs, commas, or decimals.
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Related Book For
Managerial Accounting
ISBN: 9781259275814
11th Canadian Edition
Authors: Ray H Garrison, Alan Webb, Theresa Libby
Posted Date:
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