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1. Warehouse Corporation collects 30% of a month's sales in the month of sale. 65% in the month following sale, and 5% in the second

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Warehouse Corporation collects 30% of a month's sales in the month of sale. 65% in the month following sale, and 5% in the second month following sale. Budgeted sales for the upcoming four months ate: April budgeted sales May budgeted sales June budgeted sales July budgeted sales The amount of cash that will be collected in July is budgeted to be $100,000 $150,000 5230.000 5180.000 Use the information below to answer the following question(s). Layne Cedar manufactures cedar chests. The estimated number of chests for the first three months of 2016 is as follows: Month Sales January 10,000 February 14,000 March 13,000 Finished goods inventory at the end of December is 3,000 units. Ending finished goods are equal to 30 percent of next month's sales. April 2016 sales are expected to total 16,000 units. What should be the budgeted number of chests produced in January 2016

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