Jeanclaude Corporation produces and sells one product. The budgeted selling price per unit is $105. Budgeted unit sales

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Jeanclaude Corporation Produces And Sells One Product The Budgeted Selling Price Per Unit Is 105 Budgeted Unit Sales 1 (18.54 KiB) Viewed 49 times

Jeanclaude Corporation produces and sells one product. The budgeted selling price per unit is $105. Budgeted unit sales for July, August, September, and October are 7,400, 7,500, 13,800, and 15,300 units, respectively. All sales are on credit. Regarding credit sales, 40% are collected in the month of the sale and 60% in the following month. The budgeted accounts receivable balance at the end of August is closest to: Multiple Choice $525,000 $787,500 $472,500 $315.000