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13) Terrific Toys Company manufactures and sells children's skateboards. Each skateboard requires 13) four bearings. For September, Terrific Toys Company has budgeted skateboard sales of 530 skateboards, while 570 skateboards are scheduled to be produced. Terrific Toys Company will begin September with 220 bearings in its beginning inventory. How many bearings should Terrific Toys Company purchase for September? A) 2,500 B) 2.060 C) 310 D) 2,280 14) Eastern Corporation collects 10% in the second month following sale, 55% in the month following 14) sale and 35% of a month's sales in the month of sale. Budgeted sales for the upcoming four months are April budgeted sales May budgeted sales June budgeted sales July budgeted sales $100,000 $150,000 $230,000 $180,000 The amount of cash that will be collected in July is budgeted to be C) $63,000. A) $197,000. B) $173,000. D) $204,500. 15) Sharon Corporation collects 15% in the second month following sale, 45% in the month following 15 sale and 35% of a month's sales in the month of sale. The company has found that 5% of their sales are uncollectible. Budgeted sales for the upcoming four months are: August budgeted sales September budgeted sales October budgeted sales November budgeted sales $300,000 $280,00042,000 330,000. 45 5260,000 X 3691 00O The amount of cash that will be collected in November is budgeted to be A) $286,500. B) $91,000. C) $285,500 D) $281,500. 16) Einstein Company is preparing its cash budget for the upcoming month. The beginning cash ba?ance for the month is expected to be $14,000. Budgeted cash receipts are $84,000, while budgeted cash disbursements are $72,000. Einstein Company wants to have an ending cash balance of $40,000. The excess (deficiency) of cash available over disbursements for the month would be D) $(26,000). A) $26,000. B) $170,000. C) $112,000. 17) Purchases were $110,000 in October and are expected to be $160,000 in November. All sales are on credit and are collected as follows: 35% in the month of the sale and 60% in the following month. Purchases are paid 40% in the month of purchase and 60% in the following month. The cash balance on November 1 is $13,500. The cash balance on November 30 will be A) $67,100. B) $4,100. C) $40,100. D) $53,600. 18) Romona Company expects its November sales to be 20% higher than its October sales of $165,000. 18) All sales are on credit and are collected as follows: 35% in the month of the sale and 60% in the following month. Purchases were $110,000 in October and are expected to be $140,000 in November. Purchases are paid 40% in the month of purchase and 60% in the following month. The cash balance on November 1 is $13,500. The cash balance on November 30 will be A) $59,800. B) $32,800. C) $2,050. D) $46,300