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The GPx will soon be put into volume production. The budgeted unit and $ sales for the 2 nd six months of 2023 are as
The GPx will soon be put into volume production. The budgeted unit and $ sales for the 2 nd six months of 2023 are as follows: To determine when and how much cash from these budgeted sales will be collected, the accounting staff developed the following cash collections expectations: 20% of each month's total budgeted sales are expected to be B2B sales to Camping \& Sporting Goods Stores (C\&SG). C\&SG Store customers buy on trade credit, meaning, they don't pay at the time of their sale. They are invoiced by Spotlight and typically pay for their order the month after the sale. Spotlight estimates one half of a percent (.5\%), of each months sales to Camping \& Sporting Goods stores will not be collected. 80% of each month's total budgeted sales are expected to be to retail customer who order online from the Spotlight website. Of these online sales: - 30% of each month's online sales will be paid for in the month of sale using a debit card. Debit cards assess an online processing fee of 1.5% on every sales $ on processing the collection. - 50% of each moth's online sales will be paid for in the month of sale using a credit card. Credit cards assess on an online fee of 2.5% on every sales $ on processing the collection. - The remaining 20% of each month's online sales will be paid for in the month of sale using a Peer-to-Peer Based on the sales budget and sales collections assumptions provide above, what is the budgeted amount of cash to be collected in OCTOBER for each sales type: No need to write your answers with a $ sign. Enter your answers in whole numbers only. (No Decimal Points)! \begin{tabular}{l} Sales type \\ \hline Camping \& Sporting Goods Store \\ Sales \\ \hline Debit Card Sales \\ \hline Credit Card Sales \\ \hline Payment App Sales \\ \hline \end{tabular}
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