What is the budgeted value of cash received from customers in September for sales of this product?

Posted by: Pdfprep Category: MA Tags: , ,

The sales budget of Cambri Co includes the following sales volumes for one of the company’s products:

July150,900 units

August144,800 units

September164,800 units

The sales director estimates that 10% of customers will pay in the month of sale, with 70% paying in the following month. The remaining customers will take a further month’s credit. All sales will be at $5.50 per unit, with customers paying in the month of sale obtaining a 10% settlement discount.

What is the budgeted value of cash received from customers in September for sales of this product?
A . $758,362
B . $749,298
C . $805,046
D . $814,110

Answer: C

Leave a Reply

Your email address will not be published.