All of Pocast Corporations sales are on account Sixty percent of the credit

36)All of Pocast Corporation's sales are on account. Sixtypercent of the credit sales are collected in the month of sale,30% in the month following sale, and 10% in the secondmonth following sale. Thefollowing are budgetedsales data for the company:Total salesCash receipts in April areexpected to be:C)$460,000A)$530,000B)$360,000D)$410,000

37)Budgeted sales in Acer Corporation over the next fourmonths are given below:Budgeted salesThirty percent of theVersion 128

company’s sales are for cash and 70% are on account.Collections for sales on account follow a stable pattern asfollows: 50% of a month’s credit sales are collected in themonth of sale, 30% are collected in the month following sale,and 20% are collected in the second month following sale.Given these data, cash collections for December should be:Version 129

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38)Corvi Corporation produces and sells one product. Thebudgeted selling price per unit is $126. Budgeted unit salesare shown below:Budgeted unit salesAll sales are on credit with 40% collected in the month of thesale and 60% in the following month. The expected cashcollections for August is closest to:

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39)Sioux Corporation is estimating the following sales forthe first four months of next year:JanuaryFebruaryMarchAprilSales are normally collected 60% in the month of sale and40% in the month following the sale. Based on thisinformation, how much cash should Sioux expect to collectduring the month of April?

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40)JeanclaudeCorporation produces andsells one product. Thebudgeted selling price perVersion 130

unit is $105. 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 thefollowing month.Thebudgeted accountsreceivable balance at theend of August is closest to:A)$525,000B)$315,000C)$472,500D)$787,500