Need Answer Fast. Assume that a company provided the following information and assumptions from its...
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Accounting
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Assume that a company provided the following information and assumptions from its master budget: Sales budget: Unit sales in June, July, and August are 20,000, 18,000, and 17,000, respectively. The selling price per unit is $80. All sales are on account. 20% of sales are collected in the month of sale and 80% are collected in the next month. What are the expected cash collections from customers for July?
Multiple Choice
a. $1,152,000
b. $1,568,000
c. $288,000
d. $1,280,000
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