Question
Aztec Company sells its product for $180 per unit. Its actual and projected sales follow. Units Dollars April (actual) 9,000 $1,620,000 May (actual) 3,400 612,000
| Aztec Company sells its product for $180 per unit. Its actual and projected sales follow. |
| Units | Dollars | |
| April (actual) | 9,000 | $1,620,000 |
| May (actual) | 3,400 | 612,000 |
| June (budgeted) | 8,000 | 1,440,000 |
| July (budgeted) | 7,000 | 1,260,000 |
| August (budgeted) | 4,500 | 810,000 |
| All sales are on credit. Recent experience shows that 24% of credit sales is collected in the month of the sale, 46% in the month after the sale, 26% in the second month after the sale, and 4% proves to be uncollectible. The product |
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Handbook Of EDP Auditing
Authors: Michael A. Murphy, Xenia Ley Parker
2nd Edition
0791304116, 978-0791304112
