13) For the most recent year, Robin Company reports operating income of 5690,000. Robin's sales 13) margin is 6%, and capital turnover is 15. What is Robin's return on investment (ROI)? C) 4% D) 15% 14 Sharon Corporation collects 10% in the second month following sale, 40% in the month following sale and 40% of a month's sales in the month of sale. The company has found that 10% of their sales are uncollectible. Budgeted sales for the upcoming four months are: 14 $280,000 $350,000 $380,000 $240,000 September budgeted sales October budgeted sales November budgeted sales The amount of cash that will be collected in November is budgeted to be A) $96,000 D) $283,000 B) $316,000 C) $216,000 15) Roman Company is preparing its cash budget for the upcoming month 15) , The budgeted beginning cash balance is expected to be $43,000. Budgeted cash receipts are $97,000, while budgeted cash 26,000. Roman Company wants to have an ending cash balance of $45,000. How much would Roman Company need to borrow to achieve its desired ending cash balance? disbursements are $1 A) $16,000 C) $59,000 D) $31,000 B) $14,000 16) Crafty Carpentry Company produces and sells a shelf for $50 each. The beginning inventory is 16) 2400 shelves, and the desired ending inventory is 2200 shelves. If budgeted production is 10,000 shelves, what is the forecasted sales revenue from the shelves? D) 5500,000 A) $730,000 C) $510,000 B) $270,000 Piatt Company expects cash sales for July of S14000, an and September. Credit sales of $1400 in July should be followed by 30% increases during August and September. What are budgeted cash sales and budgeted credit sales for September respectively (Round final answers to the nearest dollar.) d a 26% monthly increase during August 17) 17 B) $17,640 and $1820 D) $11,111 and $1077 A) $22,226 and $2366 C) $18,200 and $1764 18) 18) Stooge Enterprises manufactures ceiling fans that normally sell for $95 each. There are 330 defective fans in inventory, which cost $57 each to manufacture. These defective units can be sold as is for $22 each, or they can be processed further for a cost of $41 each and then sold for the normal selling price. Stooge Enterprises would be better off by a A) $24,090 net increase in operating income if the ceiling fans are sold as is. B) $24,090 net increase in operating income if the ceiling fans are repaired. C) $10,560 net increase in operating income if the ceiling fans are repaired D) $10,560 net increase in operating income if the ceiling fans are sold as is