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Question 38

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Use the following to answer questions:
Jorge Inc. has developed the following sales forecast for the first third of the year:
Use the following to answer questions: Jorge Inc. has developed the following sales forecast for the first third of the year: Collection pattern: 60 percent in the month of sale 40 percent in the month after sale The company's selling price is $20 per unit and they desire an ending inventory equal to 30 percent of the next month's sales. -How much is expected to be collected from sales in February? A) $260,000 B) $300,000 C) $590,000 D) $560,000
Collection pattern:
60 percent in the month of sale
40 percent in the month after sale
Use the following to answer questions: Jorge Inc. has developed the following sales forecast for the first third of the year: Collection pattern: 60 percent in the month of sale 40 percent in the month after sale The company's selling price is $20 per unit and they desire an ending inventory equal to 30 percent of the next month's sales. -How much is expected to be collected from sales in February? A) $260,000 B) $300,000 C) $590,000 D) $560,000
The company's selling price is $20 per unit and they desire an ending inventory equal to 30 percent of the next month's sales.
-How much is expected to be collected from sales in February?


A) $260,000
B) $300,000
C) $590,000
D) $560,000

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