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All of Winter Corporation's sales are on account, 35% of the sales on account are...

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Accounting

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All of Winter Corporation's sales are on account, 35% of the sales on account are collected in the month of sale, 45% in the month following sale, and the remainder 20% are collected in 8. the second month following sale. The following are budgeted sales data for the company: Total sales $%50,000 $60,000 $40,000 April $30,000 January February March What is the amount of cash that should be collected in March? A. $51,000 B. $41,000 C. $37,000 D. $24,000 The Mary N. Bright Corporation produces and sells one product. The budgeted selling price per unit is $105. Budgeted unit sales for July, August, September, and October are: 9. Units Sales (S) July August September 13,800 ??? October15,300 ??? 7400 $777,000 7,500 ??? All sales are on account, 40% of sales are collected in the month of the sale and 60% in the following month The budgeted Accounts Receivable balance at the end of August is closest to A. $787,500 B. $315,000 C. $472,500 D. $525,000

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