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AirQual Test Corporation produces and sells one product. The budgeted selling price per unit is $60. Budgeted unit sales for January, February, March, and April
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AirQual Test Corporation produces and sells one product. The budgeted selling price per unit is $60. Budgeted unit sales for January, February, March, and April are 7,600, 15,000, 12,400, and 12,000 units, respectively. All sales are on credit with 60% collected in the month of the sale and 40% in the following month. The expected cash collections for February is closest to:
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$826,560
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$722,400
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$443,560
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$673,200
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