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10 Skullduggery, Inc. reports the following information from its sales budget: The budgeted...

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Accounting

10 Skullduggery, Inc. reports the following information from its sales budget:
The budgeted sales price per unit is $5. All sales are on credit and are expected to be collected 10% in
the month of sale, 60% in the month following sale, and the remaining 30% in the second month
following sale. The total amount of cash expected to be received from customers in December is:
$520,000
$535,000
$522,000
$516,500
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