A firm provides the following information about budgeted sales: Budgeted Sales for...
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Accounting
A firm provides the following information about budgeted sales:
| Budgeted Sales for May | 8,800 units |
| Budgeted Sales for June | 8,300 units |
| Budgeted Sales for July | 8,500 units |
Additional information:
- Budgeted Sales Price: $18/unit
- 30% of sales are made in cash and the remaining sales are made on credit
- 70% of the credit sales are collected in the month of sale and the remaining credit sales are collected in the month following the sale
What is the amount of budgeted cash collections for the month of June? (Round your final answer to the nearest dollar.)
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