XYZ Company produces and sells one product. Thebudgeted selling price per unit is $45. Budgeted unit sales forJuly, August, September, October and November are 1,400 units,2,100 units, 3,400 units, 2,700 units and 4,200 units,respectively. All sales are on credit. Regarding credit sales, 30%are collected in the month of the sale, 50% in the month followingsales, and the remaining 20% in the second month following sale.The expected total cash collections in September is closest to:Select one:
a. $105,750
b. None of the given answers
c. $129,250
d. $117,500
e. $144,450
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