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    Determer Enterprises has budgeted sales in units

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    Determer Enterprises has budgeted sales in units for the next four months as follows:

    February 6800 units
    March 5400 units
    April 7200 units
    May 4600 units

    Determer's product sells for $20 each. Experience has shown that 10% of the company's sales are cash sales. The remaining credit sales are collected 40% in the month of sale and 55% in the month following the sale. The remaining 5% of credit sales are uncollectible. What is the budgeted total cast collections for April?

    a) 119700
    b) 66240
    c) 131400
    d) 117000
    e) 72000

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    https://brainmass.com/business/accounting/determer-enterprises-budgeted-sales-units-234283

    Solution Summary

    Determer Enterprises has budgeted sales in units are examined.

    $2.19

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