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14. All of Gaylord Corporation's sales are on account. Thirty-five percent of the sales on account are collected in the month of sale, 45% in the month following sale, and the remainder are collected in the second month following sale. The following are budgeted sales data for the company: January $50,000 February $60,000 March $40,000 April $30,000 Total sales What is the amount of cash that should be collected in March? a) $24,000 b) $37.000 c) $41,000 d) $51,000 15. Masde Corporation produces and sells Product CharlieD. To guard against stockouts, the company requires that 25% of the next month's sales be on hand at the end of each month. Budgeted sales of Product Charlie over the next four months are: Budgeted sales in units June 40,000 July 60,000 August 50,000 September 80,000 Budgeted production for August would be: a) 57,500 units b) 107,000 units c) 77,000 units d) 80,000 units