3. James Co. plans to sell 23,000 units during August. If the company has 8,000 units on hand at the start of the month, and plans to have 9,000 units on hand at the end of the month, how many units must be produced during the month? (1pt)

4. Vulture Corporation produces and sells one product. The budgeted selling price per unit is $84. Budgeted unit sales for October, November, December, and January are 8,400, 12,000, 13,800, and 14,300 units, respectively. All sales are on credit with 40% collected in the month of the sale and 60% in the following month. Calculate the expected cash collections for November. (2pts)

5. Just Hip Ltd. manufactures and sells stainless steel coffee mugs. Expected mug sales for Just Hip (in units) for the next three months are as follows:

	October	November	December
Budgeted unit sales	30,000	36,000	34,000

Just Hip, Ltd. likes to maintain a finished goods inventory equal to 30% of the next month's estimated sales. How many mugs should Just Hip plan on producing during the month of November? (2pts)