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Business, 06.05.2021 16:20 srtero

Sunland Company estimates its sales at 120000 units in the first quarter and that sales will increase by 28000 units each quarter over the year. They have, and desire, a 25% ending inventory of finished goods. Each unit sells for $35. 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 $7022400. $5051200. $5983600. $3396400.

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