Business, 24.05.2021 14:00 hamidaakter936848

Waterway Industries estimates its sales at 240000 units in the first quarter and that sales will increase by 26000 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: a. $5,735,800.
b. $11,574,800.
c. $8,380,400.
d. $10,056,200.

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Waterway Industries estimates its sales at 240000 units in the first quarter and that sales will inc...

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