Concord Corporation estimates its sales at 230000 units in the first quarter and that sales will...

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Concord Corporation estimates its sales at 230000 units in the first quarter and that sales will increase by 24000 units each quarter over the year. They have, and desire, a 25% ending inventory of finished goods. Each unit sells for $25.40% of the sales are for cash 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale. Cash collections for the third quarter are budgeted at O $7965304 O $5699000. O $6842000. $3923000 Concord Corporation estimates its sales at 230000 units in the first quarter and that sales will increase by 24000 units each quarter over the year. They have, and desire, a 25% ending inventory of finished goods. Each unit sells for $25.40% of the sales are for cash 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale. Cash collections for the third quarter are budgeted at O $7965304 O $5699000. O $6842000. $3923000