Business, 20.05.2020 21:03, mjam85877

Bonita Industries estimates its sales at 160000 units in the first quarter and that sales will increase by 27000 units each quarter over the year. They have, and desire, a 25% ending inventory of finished goods. Each unit sells for $25. 40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale. Cash collections for the third quarter are budgeted at

a.$2981500.

b.$4387000.

c.$5228500.

d.$6613938.

Answers: 3

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