Question
The company has available the following information necessary for the preparation of the budget for the third quarter of 2023 (July-September): Dollar Sales Forecast
The company has available the following information necessary for the preparation of the budget for the third quarter of 2023 (July-September): Dollar Sales Forecast April May June Answer: July August September October 244455 268901 293346 317792 354460 391128 427796 The company collects 40% of its sales during the month of the sale, 30% the following month, and 30% two months after the month of the sale. The sales price of the product is $5.60 per unit. REQUIRED: Determine the cash collected in the July to September quarter. Do not use dollar signs, commas, or decimals.
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