a. A company's sales are 5% in cash and 95% on credit. 75% percent of credit sales are collected in the same month the sale occurred, 20% the month following the sale, and 5% in the second month following the sale. Budgeted sales are expected to be $30,000 in January, $45,000 in February, $70,000 in March, and $40,000 in April. Calculate the budgeted total cash receipts in April. (2 marks) Number b. A company has budgeted production in units as follows: Quarter First Second Third Fourth Production in Units 80,000 55,000 15,000 35,000 6 kilograms of raw materials are needed for each unit produced. The company had 5,000 kilograms of raw materials at the start of the year. Raw materials inventory at the end of each quarter is equal to 10% of the next quarter's production needs. Calculate the budgeted purchases of raw materials in the second quarter. (2 marks) Number