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Sirignano Corporation produces and sells one product. The budgeted selling price per unit is $84....

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Accounting

Sirignano Corporation produces and sells one product. The budgeted selling price per unit is $84. Budgeted unit sales for October, November, December, and January are 8,400, 12,000, 13,800, and 14,300 units, respectively. All sales are on credit with 40% collected in the month of the sale and 60% in the following month. The expected cash collections for November is closest to:

Multiple Choice

  • $826,560

  • $705,600

  • $423,360

  • $403,200

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