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(X) Company produces and sells one product. The budgeted selling price per unit is $5. Budgeted unit sales for October, November, and December are 800,
(X) Company produces and sells one product. The budgeted selling price per unit is $5. Budgeted unit sales for October, November, and December are 800, 1200,1,000 units, respectively. All sales are on credit with 40% collected in the month of the sale and 35% in the following month and 25% in the second month following the month of sale. What is the expected cash collections for December? O a $4,100 b. $5,100 c. $5,400 d. $3,100
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