20.Ratchet Manufacturing anticipates total sales for August, September, and October of $350,000, $285,000, and $295,500 respectively. Cash sales are normally 30% of total sales and the remaining sales are on credit. All credit sales are collected in the first month after the sale. Compute the amount of cash received for September.'

21. Zhang Industries sells a product for $710. Unit sales for May were 500 and each month's sales are expected to exceed the prior month's results by 2%. Zhang pays a sales manager a monthly salary of $3,100 and a commission of 1% of sales. Compute the projected selling expense to be reported on the selling expense budget for the manager for month ended June 30.

22.Zhang Industries sells a product for $600. Unit sales for May were 300 and each month's sales are expected to exceed the prior month's results by 4%. Zhang pays a sales manager a monthly salary of $3,000 and a commission of 3% of sales in dollars. Assume 25% of Zhang's sales are for cash. The remaining 75% are credit sales; these customers pay in the month following the sale. Compute the budgeted cash receipts for June.

23.Webster Corporation is preparing its cash budget for April. The March 31 cash balance is $36,800. Cash receipts are expected to be $645,000 and cash payments for purchases are expected to be $612,500. Other cash expenses expected are $27,400 selling and $33,900 general and administrative. The company desires a minimum cash balance at the end of each month of $34,000. If necessary, the company borrows enough cash to meet the minimum using a short-term note. Webster's preliminary cash balance before loan activity for April is expected to be:

24.Flagstaff Company has budgeted production units of 9,800 for July and 10,000 for August. The direct materials requirement per unit is 3 ounces (oz.). The company has determined that it wants to have safety stock of direct materials on hand at the end of each month to complete 25% of the units budgeted in the following month. There was 7,350 ounces of direct material in inventory at the start of July. The total amount of direct materials in ounces, to be purchased in July is:

25.

On its December 31, 2017, balance sheet, Calgary Industries reports equipment of $410,000 and accumulated depreciation of $82,000. During 2018, the company plans to purchase additional equipment costing $88,000 and expects depreciation expense of $34,000. Additionally, it plans to dispose of equipment that originally cost $46,000 and had accumulated depreciation of $6,400. The balances for equipment and accumulated depreciation, respectively, on the December 31, 2018 budgeted balance sheet are: