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[The following information applies to the questions displayed below.] Aztec Company sells its product for $170 per unit. Its actual and projected sales follow. Units

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[The following information applies to the questions displayed below.] Aztec Company sells its product for $170 per unit. Its actual and projected sales follow. Units Dollars April (actual) $1,190,000 7,000 May (actual) 2.400 408.000 June (budgeted) 7.000 1.190.000 July (budgeted) 6,000 1,020,000 August (budgeted) 4,300 31,000 All sales are on credit. Recent experience shows that 24% of credit sales is collected in the month of the sal 46% in the month after the sale, 26% in the second month after the sale, and 4% proves to be uncollectible. The product's purchase price is $110 per unit. All purchases are payable within 15 days. Thus, 60% of purchases made in a month is paid in that month and the other 40% is paid in the next month. The company has a policy to maintain an ending monthly inventory of 21% of the next month's unit sales plus a safety stock of 150 units. The April 30 and May 31 actual inventory levels are consistent with this policy. Selling and administrative expenses for the year are $1.956.000 and are paid evenly throughout the year in cash. The company's minimum cash balance at month-end is $110,000. This minimum is maintained, if necessary, by borrowing cash from the bank. If the balance exceeds $110,000, the company repays as much of the loan as it can without going below the minimum. This type of loan carries an annual 10% interest rate. On May 31, the oan balance is $33.500, and the company's cash balance is $110,000. (Round final answers to the nearest whole dollar.)

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