$1.$ Garcia Corporation forecasts sales of $6,500$ units in April and $8,000$ units in May. Beginning inventory on April $1$ is $2,500$ units, and the company wants to have $25\%$ of next month$$s sales in inventory at the end of each month. Budgeted purchases in April would be:

Multiple Choice

Some other amount.

$6,000$ units.

$6,500$ units.

$9,000$ units.

$8,500$ units.

$2.$ Zhang Industries sells a product for $$900.$ Unit sales for May were $400$ and each month's sales are expected to grow by $2\%.$ Zhang pays a sales manager a monthly salary of $$3,000$ and a commission of $1\%$ of sales in dollars. Assume $25\%$ of Zhang's sales are for cash. The remaining $75\%$ are credit sales; these customers pay in the month following the sale. Compute the budgeted cash receipts for June.

Multiple Choice

$$364,830.$

$$361,800.$

$$360,000.$

$$270,000.$

$$275,400.$

$3.$ Use the following information to determine the ending cash balance to be reported on the month ended June $30$ cash budget.

Beginning cash balance on June $1,$ $$96,000.$

Cash receipts from sales, $$423,000.$

Budgeted cash payments for purchases, $$278,000.$

Budgeted cash payments for salaries, $$97,000.$

Other budgeted cash expenses, $$59,000.$

Cash repayment of bank loan, $$34,000.$

Budgeted depreciation expense, $$36,000.$

Multiple Choice

$$85,000.$

$$51,000.$

$$15,000.$

$$74,000.$

$$110,000.$