1a. Your Company's sales are 25% in cash and the rest on credit. Fifty percent of the credit sales are collected in the month of sale, 25% in the month following sale, and 20% in the second month following sale. The remainder are uncollectible. The following are budgeted sales data:

		January	February	March	April
Total sales		$70,000	$80,000	$50,000	$40,000

What are the total cash receipts in the April budget?

Group of answer choices

a. $36,375

b. $51,375

c. $46,375

d. $38,375

1b. (Ignore income taxes in this problem.) Your Company is considering a project that would require an initial investment of $720,000 and would have a useful life of 8 years. The annual cash receipts would be $178,000 and the annual cash expenses would be $49,000. The salvage value of the assets used in the project would be $45,000. The company uses a discount rate of 10%. What is the net present value of the project?

Group of answer choices

a. ($15,770)

b. $254,645

c. ($10,770)

d. $144,192

e. ($31,785)

2 PART 1 QUESTION Please solve will like and comment!