1.

	June	July	August	September	October	November	December
Budgeted total car sales	8,280	5,040	5,230	6,060	5,110	7,060	7,430

Each car is sold at $25,000. 20% of sales during the month are paid in cash and the remaining is collected in the following month.

What is the total cash collection in September (in '000)?

2. In preparing the sales budget, the preparer should consider: which ones are correct?

1. expected demand for the firm's products.
2. current production capacity.
3. planned staffing levels.

3. Auto Ltd. manufactures different models of automobiles. The following is the budgeted volume sold for a specific model each month:

	January	February	March	April	May	June
Budgeted total car sales	3,050	3,120	3,810	2,900	3,300	3,850

Each car is sold at $30,000. 35% of sales during the month are paid in cash and the remaining is collected in the following month.

What is the total cash collection in June (in '000)?