1.2.

Assume a company is preparing a budget for its first three months of operations. During the first, second and third months it expects credit sales of $60,000, $53,000, $35,000 and , respectively. The company expects to collect 35% of its credit sales in the month of the sale and the remaining 65% in the following month. What is the accounts receivable to report at the end of the third month? $96,200 $51,800 $22,750 $101,300 Assume a company's estimated sales is 100,000 units. Its desired ending finished goods inventory is 15,000 units, and its beginning finished goods inventory is 10,000 units. What is the required production in units? 95,000 100,000 115,000 105,000