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5 Badlands Inc. manufactures a household fan that sells for $40 per unit. All sales are on account, with 40 percent of sales collected in

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5 Badlands Inc. manufactures a household fan that sells for $40 per unit. All sales are on account, with 40 percent of sales collected in the month of sale and 60 percent collected in the following month. The data that follow were extracted from the company's accounting records Badlands maintains a minimum cash balance of $30,000. Total payments in January 20x1are budgeted at $390,000 A schedule of cash collections for January and February of 20x1 revealed the following receipts for the period: Cash Receipte January February From December 31 accounts receivable $216,000 From January sales 152,000 $229,000 Pron February sales 156,800 oped Book Print March 20xt sales are expected to total 10,000 units Finished goods inventories are maintained at 20 percent of the following month's sales. The December 31, 20x0, balance sheet revealed the following selected figures: cash, $45,000; accounts receivable, $216,000; and finished goods, $44,700 erences Required: 1. Determine the number of units that Badlands sold in December 20x0. 2. Compute the sales revenue for March 20x1. 3. Compute the total sales revenue to be reported on Badlands' budgeted income statement for the first quarter of 20x1. 4. Determine the accounts receivable balance to be reported on the Margh 31, 20x1, budgeted balance sheet 5. Calculate the number of units in the December 31, 20x0, finished goods inventory 6. Calculate the number of units of finished goods to be manufactured in January 20x1. 7. Calculate the financing required in January. If any, to maintain the firm's minimum cash balance. units 1. December sales 2. March sales revenue 3. First quarter sales revenue 4 March 31 accounts receivable balance IN March 20x1 sales are expected to total 10,000 units. Finished-goods inventories are maintained at 20 percent of the following mo The December 31, 20x0, balance sheet revealed the following selected figur finished goods, $44,700. Required: 1. Determine the number of units that Badlands sold in December 20x0. 2. Compute the sales revenue for March 20x1. 3. Compute the total sales revenue to be reported on Badlands' budgeted incor 4. Determine the accounts receivable balance to be reported on the March 31, 2 5. Calculate the number of units in the December 31, 20x0, finished-goods inver 6. Calculate the number of units of finished goods to be manufactured in Januar 7. Calculate the financing required in January, if any, to maintain the firm's minim units 1. December sales 2. March sales revenue 3. First quarter sales revenue 4. March 31 accounts receivable balance 5. December 31 finished-goods inventory 6. Finished goods to be manufactured in January 7. Financing required in January units units

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