1.

The Adams Corporation, a merchandising firm, has budgeted its activity for November according to the following information:

Sales at $530,000, all for cash.

Merchandise inventory on October 31 was $240,000.

The cash balance November 1 was $26,000.

Selling and administrative expenses are budgeted at $84,000 for November and are paid for in cash.

Budgeted depreciation for November is $41,000.

The planned merchandise inventory on November 30 is $270,000.

The cost of goods sold is 70% of the selling price.

All purchases are paid for in cash.

There is no interest expense or income tax expense.

What would be the budgeted cash recepiets for Novemeber?

2.

Mounts Corporation produces and sells two products. In the most recent month, Product I05L had sales of $36,000 and variable expenses of $11,280. Product P42T had sales of $49,000 and variable expenses of $17,620. The fixed expenses of the entire company were $46,110. The break-even point for the entire company is closest to:

3.

Paradise Corporation budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in units) are planned for next year.

	Beginning Inventory	Ending Inventory
Raw material*	51,000	61,000
Finished goods	91,000	61,000

*Three pounds of raw material are needed to produce each unit of finished product.

If Paradise Corporation plans to sell 535,000 units during next year, the number of units it would have to manufacture during the year would be: