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BoardGame Company has the following sales projection (in units) for the next three months: Apr: 2700 May: 1400 Jun: 2300 Each unit sells for $
BoardGame Company has the following sales projection (in units) for the next three months: Apr: 2700 May: 1400 Jun: 2300 Each unit sells for $34 in April, and there is predicted to be a price increase of $2 in both May and June. All of the sales are on credit. BoardGame collects from customers as follows:
50% of sales in the month of sale 30% in the month following the sale, and 20% in the second month following the sale What is budgeted cash receipts June?
A. | $87,400 | |
B. | $43,700 | |
C. | $78,200 | |
D. | $77,180 | |
E. | $81,320 |
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