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2. Koda Corporation makes collections on sales according to the following schedule: 25% in month of sale 65% in month following the sale 5% in

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2. Koda Corporation makes collections on sales according to the following schedule: 25% in month of sale 65% in month following the sale 5% in second month following the sale 5% uncollectible The following sales have been budgeted: April May June $120,000 $100,000 $110,000 Budgeted cash collections in June would be: A. $27,500 B. $98,500 C. $71,000 D. $115,000 3. The following information was taken from the production budget of Bazinga Corporation for the next quarter. January February March 130,000 138,000 154,000 Units to be produced Desired ending inventory of finished goods 32,000 35,000 38,000 How many units is the company expecting to sell in the month of February A 132,000 B 138,000 c. 135,000 D. 140,000

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