1) The total estimated sales for the coming year is 15,000 units, the inventory at the beginning of the year is 5,000 units and the desired inventory are the end of the year is 7,500 units. The total product

2) Ragged Edge Arts expects $45,000 of credit sales in April, $75,000 of credit sales in May and $90,000 of credit sales in June. Ragged Edge Arts traditionally collects 66 2/3% of its sales in the month of the sale and the other 33 1/3 in the month following the sale. How much does Ragged Edge Arts expect to collect in May?