Assume that a company provided the following Information and assumptions from its master budget Sales budget: Unit sales in June, July, and August are 20,000, 18,000, and 17000, respectively. The selling price per unit is $80. All on account. 20% of sales are collected in the month of sale and 80% are collected in the next month, What are the budgeted sales for July! Multiple Choice $1.440.000 $1600.000 5288.000 Multiple Choice $1,440,000 O $1,600,000 $288,000 $1,152,000 Assume a company is preparing a budget for its first two months of operations. During the first and second months it expects cash sales of $35,000 and $38,500, respectively. It also expects credit sales of $55,000 and $65,000, respectively. The company expects to collect 35% of its credit sales in the month of the sale, 60% in the following month, and 5% is deemed uncollectible. What amount of cash collections would appear in the company's cash budget for the second month? Multiple Choice $91,500 O $94.250 $104,000 $22,750