Distribution Corporation collects 45% of a month's sales in the month of sale, 40% in the month following sale, and 15% in the second month following sale. Budgeted sales for the upcoming four months are:

April budgeted sales $ 100,000
May budgeted sales $ 120,000
June budgeted sales $ 260,000
July budgeted sales $ 240,000

The amount of cash that will be collected in July is budgeted to be .

3. describe the purpose of the sec. (1-4 sentences. 2.0 points)

Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.

Croy inc. has the following projected sales for the next five months: month sales in units april 3,850 may 3,875 june 4,260 july 4,135 august 3,590 croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. direct material costs $2.50 per pound, and each unit requires 2 pounds. raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. raw materials on hand at march 31 totaled 3,741 pounds. 1. determine budgeted production for april, may, and june. 2. determine the budgeted cost of materials purchased for april, may, and june. (round your answers to 2 decimal places.)