1) astros corporation is estimating the following sales for the first four months of next year. January $260000 February $230000 March $270000 April $320000. Sales are normally collected 60% in the month of sale, 35% in the month of the following sale, and the remaining 5% being uncollectible. Based on this information, how much cash should Astro expect to collect during the month of April?

a) 94,500

b) 192,000

c) 286,500

d) 320,000

2)

Bard Hotel bases its budgets on guest-days. The hotel's static budget for January appears below:

Budgeted number of guest-days	9,600
Budgeted variable costs:
Supplies (@ $7.50 per guest-day)	$72,000
Laundry (@ $2.30 per guest-day)	22,080
Total variable cost	94,080
Budgeted fixed costs:
Wages and salaries	95,040
Occupancy costs	21,120
Total fixed cost	116,160
Total cost	$210,240

The total fixed cost at the activity level of 10,300 guest-days per month should be:

a) 210,240

b) 217,100

c) 225,570

3)Musial Company is considering a machine that will save $9000 a year in cash operating costs each year for the next 6 years. At the end of 6 years, it would have no salvage value. If this machine costs $33165 now, the machine's internal rate of return is closest to:

a) 16%

b) 18%

c) 17%

d) 19%

d) 217,640