Listed below are the budgeted sales in units for Devon Company for the next five...
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Accounting
Listed below are the budgeted sales in units for Devon Company for the next five months: 20% of the company's sales are cash sales and 80% of the company's sales are made on account. The selling price is $25 per unit. On average, 15% of the sales on account are collected in the month of sale, 46% is collected in the month following sale, 22% is collected in the second month following sale, and the remaining 17% is collected three months after the month of sale. Assume Devon Company's budgeted accounts receivable at September 30 was $136,460. Calculate the number of units budgeted to be sold in September
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