7 and 8?

Brad Company has 6,000 gallons of a given material on hand at the beginning of May. During May, the company plans to make 10,000 units of a final product. For June, the planned production is 15.000 units of a final product (finished goods). 1 unit of the final product requires 3 gallons of the material. The company's policy is that it will maintain an ending material quantity to be same as 20% of the following month's production needs (quantity to be used in production). Based on the information above, how many gallons of the material should be purchased in May? _______ gallons * Use the following information to solve the following two questions. A company has budgeted sale units are as follows: July August September $20,000 $30,000 $24,000 One-half of sales are cash sales and one-half of sales are credit sales. The company collects cash from credit sales over two months 30% in the month of sale, and 70% in the month following sale). During September, the company's expected cash collections from sales are how much? $ ______ Use the same information given the above question. At the end of September, the company's in Accounts receivable will have a balance of what amount? $ _________ Parliman Corporation is preparing its cash budget for August. a. The budgeted beginning cash balance is $12,000. b. Budgeted cash receipts from sales total $159,000. c. Budgeted cash disbursements for inventory purchases total 120,000 d. Operating expenses are $30,000. Of this amount depreciation is $5,000. e. Equipment will be purchased for $20,000 cash The ending cash balance should be $20,000 at a minimum. Determine the minimum amount of borrowing needed. $_______