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Greens Company sales and unit prices are as follow.Monthly sales are budgeted in units as follows: 2 8 , 0 0 0 for October, 2
Greens Company sales and unit prices are as follow.Monthly sales are budgeted in units as follows: for October, for November, and for December.The sales prices are $ for October, $ for November and $ December.The experience has shown that percent of the sales of Greens Company sales are for cash.The rest are on credit with of the credit sales are collected in the month of sale, in the month following sale, and in the second month following sale. The remainder is expected to be uncollectible. Requirement:i Prepare a schedule of sales for the quarter andii Prepare expected cash collections for the month of December.Hints and Reference:Lecture and reading material on Budget Planning & Control Part II and Part I
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