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The following is the budget for a new high tech product launched in July:

July August

Expected Sales in Units 2000 3000
Selling price per unit 50 50
Total Sales 100000 100000

The actual sales were:

July August
Actual sales in units 1000 2500
Selling price per unit 50 50
Total Sales 50000 125000

A. Create a schedule of cash collections for the budgeted sales for July and August. Assume that 80% of sales are collected in the month of sale and the remaining 20% of sales are collected the following month.

b. What strategic considerations should Mary take into account? Explain.

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Solution Summary

This solution is comprised of a detailed explanation to create a schedule of cash collections for the budgeted sales for July and August. Assume that 80% of sales are collected in the month of sale and the remaining 20% of sales are collected the following month.

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The following is the budget for a new high tech product launched in July:

July August

Expected Sales in Units 2000 3000
Selling price per unit 50 50
Total Sales ...

Purchase this Solution
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