Sirignano Corporation Produces and Sells One Product

question 147

Multiple Choice

Sirignano Corporation produces and sells one product. The budgeted selling price per unit is $84. Budgeted unit sales for October, November, December, and January are 8,400, 12,000, 13,800, and 14,300 units, respectively. All sales are on credit with 40% collected in the month of the sale and 60% in the following month. The expected cash collections for November is closest to:

• A) $826,560
• B) $705,600
• C) $423,360
• D) $403,200

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Definitions:

Chronological Accounts

A record of events presented in the order in which they occurred.

Communication Strategy

A plan outlining how to effectively convey messages to targeted audiences through various channels to achieve specific objectives.

Office Systems

The combination of equipment, procedures, and technology used to facilitate work in an office environment.

Technical Support

A service provided to help users solve technical problems or issues related to products or services.