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ABC Company has budgeted sales for the next six months as follows: March April May June July August Budgeted Sales in Units 12,000 units 22,000
ABC Company has budgeted sales for the next six months as follows: March April May June July August Budgeted Sales in Units 12,000 units 22,000 units 31,000 units 12,000 units 48,000 units 69,000 units ABC Company sells its inventory to customers for $19 per unit. 30% of the company's sales are cash sales and the other 70% of sales are made on account. The sales on account are collected in the pattern: 35% collected in the month of sale 26% collected in the month following sale 19% collected in the second month following sale 12% collected in the third month following sale 8% collected four months after the month of sale Calculate ABC Company's budgeted cash collections for uly
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