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Houseman, Inc. anticipates sales of 57,000 units, 55,000 units, and 58,000 units in July, August, and September, respectively. Company policy is to maintain an ending
Houseman, Inc. anticipates sales of 57,000 units, 55,000 units, and 58,000 units in July, August, and September, respectively. Company policy is to maintain an ending finished-goods inventory equal to 20% of the following month's sales. On the basis of this information, how many units would the company plan to produce in July? 8 04:28:17 Multiple Choice Print O 57,400. O 56,600. O 55,000 O 55,400. O None of the answers is correct. Gallonte Inc. began operations in April of this year. It makes all sales on account, subject to the following collection pattern: 25% are collected in the month of sale; 55% are collected in the first month after sale, and 20% are collected in the second month after sale. If sales for April, May, and June were $57,000, $77,000, and $67,000, respectively, what were the firm's budgeted collections for June? 8 04:28:07 Multiple Choice Print $16,750. $50,600. $59,100. $70,500. None of the answers is correct
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