Aztec Company sells its product for $190 per unit. Its actual and projected sales follow....
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Aztec Company sells its product for $190 per unit. Its actual and projected sales follow. Units Dollars April (actual) 9,500 $1,805,000 May (actual) 3,800 722,000 June (budgeted) 6,000 1,140,000 July (budgeted) 7,000 1,330,000 August (budgeted) 4,300 817,000 All sales are on credit. Recent experience shows that 20% of credit sales is collected in the month of the sale, 50% in the month after the sale, 25% in the second month after the sale, and 5% proves to be uncollectible. The product
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