1 A July sales forecast projects that 7,700 units are going to be sold at a price of $12.20 per unit. Management forecasts 15% growth in sales each month. Total July sales are anticipated to be:

2 Zhang Industries is preparing a cash budget for June. The company has $29,500 cash at the beginning of June and anticipates $98,000 in cash receipts and $122,540 in cash payments during June. The company has no loans outstanding on June 1. Compute the amount the company must borrow, if any, to maintain a $23,000 cash balance.

3 The company wants to end each month with ending finished goods inventory equal to 20% of the next month's sales. Finished goods inventory on June 30 is 1,080 units. The budgeted production units for July are:

4 A July sales forecast projects that 5,500 units are going to be sold at a price of $10.00 per unit. Management forecasts 4% growth in sales each month. Total August sales are anticipated to be:

5 Trago Company manufactures a single product and has a JIT policy that ending inventory must equal 10% of the next month's sales. It estimates that May's ending inventory will consist of 28,800 units. June and July sales are estimated to be 288,000 and 298,000 units, respectively. Compute the number of units to be produced in June.

6 Cameroon Corporation manufactures and sells electric staplers for $15.60 each. If 10,000 units were sold in December, and management forecasts 5% growth in sales each month, the dollar amount of electric stapler sales budgeted for February should be: