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Assume that a company provided the following information and assumptions from its master budget Sales busiget. Unit sales in June, July, and August are 20,000,
Assume that a company provided the following information and assumptions from its master budget Sales busiget. Unit sales in June, July, and August are 20,000, 18,000, and 17,000, respectively. The selling price per unit is $80. All sales are on account. 20% of sales are collected in the month of sale and 80% are collected in the next month. What are the expected cash collections from customers for July? Multiple Choice $1.152.000 $1,568,000 $288,000 $1,280,000
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