13.Carter Company estimates its sales at 30,000 units in the first quarter and that sales will increase by 6,000 units each quarter over the year. It has, and desires, a 25% ending inventory of finished goods. Each unit sells for $25. 40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale. Production in units for the third quarter should be budgeted at: Question 13 options: 34,500. 45,750. 43,500. 36,000.

14.Kemp Company incurs the following costs in producing 50,000 units of product: Direct materials $200,000 Direct labor 100,000 Variable manufacturing overhead 200,000 Fixed manufacturing overhead 600,000 An outside supplier has offered to supply the 50,000 units at $14.00 each. All of Kemp's related variable costs, but only $400,000 of the fixed costs would be eliminated if the offer is accepted. Acceptance will result in a: Question 14 options: loss of $200,000. loss of $400,000. savings of $400,000. savings of $200,000.

27.The statement of cash flows is a(n): Question 27 options: required basic financial statement. required supplemental financial statement. optional basic financial statement. optional supplementary statement.

28.The directors of Bennett Corp. are trying to decide whether they should issue par or no par stock. They are considering three alternatives for their new stock, which they are assuming will be issued at $8 per share. The alternatives are: (A) $5 par value, (B) no par with a $1 stated value, and (C) no par, no stated value. If 60,000 shares are issued, what amount will be credited to the common stock account in each of these cases? Question 28 options: (A) (B) (C) $300,000 $60,000 $480,000 (A) (B) (C) $60,000 $480,000 $480,000 (A) (B) (C) $60,000 $300,000 $480,000 (A) (B) (C) $480,000 $480,000 $480,000