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20. Mimosa Company is putting together its budget for the first half of the coming year. Based on its history, the company expects 70% of its Sales to be on credit with the remaining in cash. Mimosa budgeted the following in total Sales per month: January February March April May June Sales $437,500 $250,000 $181,250 $162,500 $212,500 $187,500 To As the company is preparing its schedule of cash collections for its treasury department, the following collection curve (schedule) is being used: worlbud og 000 0 A 55% in the month of sale 30% in the month following sale 10% in the second month following sale 5% uncollectible What is the budged net accounts receivable balance on March 31 for Mimosa Company? A. $74,594 B. $68,250 C. $97,500 D. $55,563 E. None of the above. 21. Petunia Company has budgeted sales for its only product as follows: July August September 0792 130,000 Sales in units 110,000 98,000 002 SOL Des 1812 000 DEN In order to meet demand throughout each month, the company plans to maintain an ending inventor balance equal to 35% of the following months sales. bazu niedol 2) According to their budget, how many units does the company plan to produce in August? A. 105,000 units ble lo B. 86,800 units 12 gwo loco C. 109,200 units siwollol trombos D. 143,500 units E. None of the above. Moond oldalon bobudents