Corvi Corporation produces and sells one product. The budgeted selling price per unit is $126. Budgeted unit sales are shown below:

July August September October

Budgeted unit sales 7,300 11,500 14,200 12,100

All sales are on credit with 40% collected in the month of the sale and 60% in the following month. The expected cash collections for August is closest to:

Question 1 options:

$1,131,480

$919,800

$551,880

$579,600