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Question 7 7 3 pts Happy Company has budgeted sales for the next six months as follows: Budgeted Sales in Units June 6,280 units July
Question 7 7 3 pts Happy Company has budgeted sales for the next six months as follows: Budgeted Sales in Units June 6,280 units July ????? units August 8,300 units September 2,900 units October ????? units November 9,500 units Happy Company's product sells for $50 per unit. 20% of % the company's sales are cash sales and 80% are sales made on account. The sales on account are collected in the pattern 22% in the month of sale, 37% in the month following sale, 8% is collected in the second month following sale, and 33% is collected in the third month following the month of sale. Happy Company reported total cash collections in October of $223,996 and reported a budgeted accounts receivable balance of $275,836 at September 30. Calculate Happy Company's budgeted accounts receivable at November 30
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