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Aztec Company sells its product for $190 per unit. Its actual and projected sales follow. Units Dollars April (actual) 4,500 $855,000 May (actual) 2,000 380,000
Aztec Company sells its product for $190 per unit. Its actual and projected sales follow. |
Units | Dollars | |
April (actual) | 4,500 | $855,000 |
May (actual) | 2,000 | 380,000 |
June (budgeted) | 6,500 | 1,235,000 |
July (budgeted) | 6,000 | 1,140,000 |
August (budgeted) | 4,100 | 779,000 |
All sales are on credit. Recent experience shows that 22% of credit sales is collected in the month of the sale, 48% in the month after the sale, 28% in the second month after the sale, and 2% proves to be uncollectible. The product
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