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MM Company is preparing budgets for the quarter ending June 30 th . Budgeted sales for the next five months are: 20,000 units 50,000 units

MM Company is preparing budgets for the quarter ending June 30th.

  • Budgeted sales for the next five months are:
    1. 20,000 units
    1. 50,000 units
    2. 30,000 units
    1. 25,000 units
    1. 15,000 units
  • The selling price is $10 per unit.
  • The collection pattern is 70% collected in the month of sale, 25% collected in the month following sale and 5% bad debt
  • 31 March accounts receivable balance of 30000 will be collected in full.
  • Paper the sales budget

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