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Time left 0:45:28 Question 11 Answer saved Marked out of 5.00 Flag question Question text Lefora Company is a manufacturer of cheap perfume for animals
Time left 0:45:28 Question 11 Answer saved Marked out of 5.00 Flag question Question text Lefora Company is a manufacturer of cheap perfume for animals whose fiscal year mirrors the calendar year. Each perfume bottle sells for $28. The budgeted sales in units for the upcoming months in 2019 are as follows: Month Units July 5,100 August 5,680 September 5,570 October 5,350 Lefora Company's collection pattern for sales are as follows: 15% of sales are cash, the remaining 85% are on credit. For credit sales 50% is collected in the month of sale, 45% is collected in the month following the sale and 5% is uncollectible. As at June 30, 2020 there was a total of $35,000 in accounts receivable to be collected in July. a) Prepare a sales budget for the third quarter
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