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The Mary N. Bright Corporation produces and sells one product. The budgeted selling price per unit is $105. Budgeted unit sales for July, August, September,
The Mary N. Bright Corporation produces and sells one product. The budgeted selling price per unit is $105. Budgeted unit sales for July, August, September, and October are: 9. Units Sales (S) 7,400 $777,000 7,500 ??? July August September 13,800 ??? October 15,300 m All sales are on account 40% of sales are collected in the month of the sale and 60% in the following month. The budgeted Accounts Receivable balance at the end of August is closest to: A. $787,500 B. $315,000 C. $472,500 D. $525,000
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