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Kessel Corporation produces and sells one product. The budgeted selling price per unit is $120. Budgeted unit sales for July, August, September, and October are
Kessel Corporation produces and sells one product. The budgeted selling price per unit is $120. Budgeted unit sales for July, August, September, and October are 7,400,7,500,13,800, and 15,300 units, respectively. All sales are on credit. Regarding credit sales, 60% are collected in the month of the sale and 40% in the following month. The budgeted accounts receivable balance at the end of August is closest to: $360.000 $900,000 $600,000 $540,000
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