Corvi Corporation produces and sells one product.The budgeted selling price per unit is $126.Budgeted unit sales are shown below: All sales are on credit with 40% collected in the month of the sale and 60% in the following month.The expected cash collections for August is closest to:

Question

Corvi Corporation produces and sells one product.The budgeted selling price per unit is $126.Budgeted unit sales are shown below:  All sales are on credit with 40% collected in the month of the sale and 60% in the following month.The expected cash collections for August is closest to:

Quizplus · Accepted Answer

The expected cash collections for August are computed as follows: 11ea7998_5d6a_edf2_911b_33ba06a57079_TB2627_00_TB2627_00

Corvi Corporation Produces and Sells One Product