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Listed below are budgeted sales in units for Devon Company for the next five months: Budgeted Sales in Units May 6 , 3 0 0
Listed below are budgeted sales in units for Devon Company for the next five months:
Budgeted Sales in Units
May units
June units
July units
August units
September units
of the company's sales are cash sales and of the company's sales are made on account. The selling price is $ per unit. On average, of the sales on account are collected in the month of sale, is collected in the month following sale, is collected in the second month following sale, and the remaining is collected three months after the month of sale.
Calculate the budgeted cash collection for the month of Augest.
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