A Tesla segment makes speakers and it provided the following information to help prepare the master budget for its first four months of operations. The budgeted selling price per unit is $100. Budgeted unit sales for June, July, August, and September are 9,000, 10,000, 12,000, and 15,000 units, respectively. All sales are on credit. 30% percent of credit sales are collected in the month of the sale and 70% in the following month. What are the expected cash collections for August?$1,200,000$1,000,600$1,100,400$300,600

Companies sell the products on the credit but the credit is not realized immediately but realized in…

Answered: A Tesla segment makes speakers and it…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter8: Budgeting For Planning And Control

Section: Chapter Questions

Problem 34E: A companys sales for the coming months are as follows: About 20 percent of sales are cash sales, and...

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A Tesla segment makes speakers and it provided the following information to help prepare the master budget for its first four months of operations. The budgeted selling price per unit is $100. Budgeted unit sales for June, July, August, and September are 9,000, 10,000, 12,000, and 15,000 units, respectively. All sales are on credit. 30% percent of credit sales are collected in the month of the sale and 70% in the following month. What are the expected cash collections for August?
$1,200,000
$1,000,600
$1,100,400
$300,600

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