Corvi Corporation produces and sells one product. The budgeted selling price per unit is $126. Budgeted unit sales are shown below: JulyAugustSeptemberOctoberBudgeted unit sales7,30011,50014,20012,100?All sales are on credit with 40% collected in the month of the sale and 60% in the following month. The expected cash collections for August is closest to:
A. $919,800
B. $551,880
C. $579,600
D. $1,131,480
Answer: D
Business
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