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Coronado Industries estimates its sales at 150000 units in the first quarter and that sales...

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Accounting

Coronado Industries estimates its sales at 150000 units in the first quarter and that sales will increase by 11000 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 at Entry field with correct answer $4741467. $2444500. $3526000. $4250500.

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