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ABC Company has budgeted sales for the next six months as follows: March April May...

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Accounting

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ABC Company has budgeted sales for the next six months as follows: March April May Budgeted Sales in Units 20,000 units 24,000 units 37,000 units 14,000 units 43,000 units 69,000 units June July August ABC Company sells its inventory to customers for $19 per u nit. 30% of the company's sales are cash sales and the other 7 0% of sales are made on account. The sales on account are collec ted in the pattern: 35% collected in the month of sale 26% collected in the month following sale 19% collected in the second month following sale 12% collected in the third month following sale 8% collected four months after the month of sale Calculate ABC Company's budgeted cash collections for Jul y

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