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A firm provides the following information about budgeted sales: Additional information: - Budgeted Sales Price: $34 /unit - 20% of sales are made in cash
A firm provides the following information about budgeted sales: Additional information: - Budgeted Sales Price: $34 /unit - 20% of sales are made in cash and the remaining sales are made on credit - 60% 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? (Round your final answer the nearest dollar.)
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