Business, 31.03.2020 00:14 andy6128

Dolce Co. estimates its sales at 180,000 units in the first quarter and that sales will increase by 18,000 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 ata) $6,156,000
b) $5,319,000
c) $3,051,000
d) $4,428,000.

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Dolce Co. estimates its sales at 180,000 units in the first quarter and that sales will increase by...

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