29. Jasmine 000, May 16,000 and June 21,000. Jasmine Company's ending policy is 10% of the following month's sales. March 1 inventory is March 10,000 finished gco, units, Apri 13 ond tools A sales budget for the next four months is as follows goods inve projected to be 1,400 units. A. 13,300 B. 15,900 C. 12,700 D. 13,000 ow many units will be produced in April? 30. Which of the following bud gets would not exist for a merchandising firm? A. Sales budget B. Purchases budget C. Production budget D. Selling and administrative expense budget 31. The purpose of the cash budget is to A. be used as a basis for the operating budgets. , provide external users with an estimate of future cash flows. C. help managers plan ahead to make certain they will have enough cash on hand to meet their operating needs D. summarize the cash flowing into and out of the business during the past period. S600,000 in August. Forty percent of sales are cash, the remainder is on account. Seventy percent of the credit sales are collected in the month of the sale. The remainder is collected the month following the sales. What are budgeted cash collections for July? A. $389,500 B. $190,000 C. $457,000 32. Sawbill Co. has forecast sales to be $300,000 in May, $375,000 in June, S475,000 in July and D. $415,000