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Please answer all questions and show work. 21. Stockton Corporation is estimating the following sales for the first four months of next year: January February

image text in transcribed Please answer all questions and show work.
21. Stockton Corporation is estimating the following sales for the first four months of next year: January February March $260,000 S230,000 $270,000 $320,000 April Sales are normally collected 60% in the month of sale, 35% in the month following the sale, and the remaining 5% being uncollectible. Based on this information, how much cash should Stockton expect to collect during the month of April? A. $286,500 B. $320,000 C. $192,000 D. $94,500 Patterson Corporation, a retailer, plans to sell 25,000 units of Product X during the month of August. If the company has 9,000 units on hand at the start of the month, and plans to have 7,000 units on hand at the end of the month, how many units of Product X must be purchased from the supplier during the month? A. 32,000 B. 23,000 C. 27,000 D. 25,000 22

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