mamaDee5919
mamaDee5919
05.01.2021 • 
Business

Hedex, Co. has the following information in its sales budget: Budgeted unit sales: April 50,000 May 52,000 June 53,500 July 55,000 The budgeted sales price is $60 per unit. Assume that all sales are on credit and are expected to be collected 10% in the month of sale and 90% in the month following sale. Calculate the total amount of budgeted cash collections from customers in June.

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