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Thornton, Inc. has budgeted sales for the months of September and October at $300,000.00 and $288,000.00, respectively. Monthly sales are 20% credit and 80% cash.
Thornton, Inc. has budgeted sales for the months of September and October at $300,000.00 and $288,000.00, respectively. Monthly sales are 20% credit and 80% cash. Of the credit sales, 50% are collected in the month of sale, and 50% are collected in the following month. Calculate cash collections for the month of October. A. $298,800.00 B. $270,000.00 C. $289,200.00 D. $259,200.00 If 26,000 units are 60% complete with respect to direct materials, then the equivalent units of production for direct materials are The weighted - average method is used. A. 26,000 units B. 15,600 units C. 36,400 units D. 10,400 units
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