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MM Company is preparing budgets for the quarter ending June 30th. Budgeted sales for...

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Accounting

MM Company is preparing budgets for the quarter ending June 30th. Budgeted sales for the next five months are: April 20,000 units May 50,000 units June 30,000 units July 25,000 units August 15,000 units The selling price is $10 per unit. The collection pattern is 70% collected in the month of sale, 25% collected in the month following sale and 5% bad debt 31 March accounts receivable balance of 30000 will be collected in full. Paper the sales budget

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