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MI-T-M Corporation is a manufacturer of high-quality Industrial equipment including power washers. The budgeted selling price per unit is $105 Budgeted unit sales for July
MI-T-M Corporation is a manufacturer of high-quality Industrial equipment including power washers. The budgeted selling price per unit is $105 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, 40% are collected in the month of the sale and 60% in the following month. The budgeted accounts receivable balance at the end of August is closest to Multiple Choice $315,000 $787.500 $472.500
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