Jeanclaude corporation produces and sells one product. the budgeted selling price per unit is s105. budgeted unit sales for july, august, september, and october are 7,400, 7,500, 13,800, and 15,300 units, respectively. all sales are on credit. regarding credit sales, 40% are collected in the month of the sale and 60% in the following month. the budgeted accounts receivable balance at the end of august is closest to: a) $525,000 b) $315,000 c) $472.500 d) $787,500

The correct answer is C.

Explanation:

Giving the following information:

Budgeted unit sales for July, August, September, and October are 7,400, 7,500, 13,800, and 15,300 units, respectively. All sales are on credit. Regarding credit sales, 40% are collected in the month of the sale and 60% in the following month.

Selling price= $105

Accounts receivable balance (August)= (7500*105)*0.4= $472,500

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.

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