Question
1. Adelphi Company has budgeted activity for March to reflect net income $105,000. All sales are credit sales. Receivables are planned to increase (decrease -)
1. Adelphi Company has budgeted activity for March to reflect net income $105,000. All sales are credit sales. Receivables are planned to increase (decrease -) by $15,000 payables to increase (decrease -) by $-29,000 and Depreciation Expense is $58,000. Use this information to determine how much cash will increase (decrease) during the month of March. (Decreases in accounts receivable or accounts payable will have a negative sign in front of number. Round to nearest whole number (no cents). Your Answer:
2. Towson Company manufactures book cases, and each requires 18 board feet of lumber. Towson expects that 1,600 and 1,950 book cases will be built in June and July, respectively. Towson keeps lumber on hand at 40% of the next month's production needs (assume that 40% of June's needs was purchased in May). Use this information to determine number board feet of lumber that Towson Company should buy in June. (Round & enter final answer to the nearest whole number.) Your Answer:
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