Question
Arpio, Inc., sells two products, Wigs and Jewels. The sales forecast in units for the first quarter of the coming year is: Wigs Jewels January..
Arpio, Inc., sells two products, Wigs and Jewels. The sales forecast in units for the first quarter of the coming year is: Wigs Jewels January.. 15,000 20,000 February 22,000 40,000 March 25,000 48,000 Cash sales are 45% of each product's monthly sales. The remaining sales are credit sales which are collected as follows: 65% in the month of sale, 25% the next month, and 10% in the following month. Unit sale prices are $22 and $28 for Wigs and Jewels, respectively. A. Determine the company budgeted sales in dollors for each month B. Determine the company's cash receipts for March from its current and past sales.
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